Yesterday's unsurprising decision to leave US interest rates on hold has knocked activity in the UK ...
Yesterday's unsurprising decision to leave US interest rates on hold has knocked activity in the UK stock market this morning, and damaged hopes of a recovery in Asia. Federal Reserve policy makers yesterday said weak growth is a bigger threat to the economy than inflation, so left its interest rate unchanged at 1.75%. The FTSE 100 Index dropped 80.80 points or 1.9% to 4190.90, led by Hilton Group, Europe's second-largest hotel company by rooms, which fell 18p or 9.3% to 175p. Dixons, Britain's largest consumer-electronics retailer, dropped 7.75p or 4.8% to 154.75p, and Compa...
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