The benchmark FTSE 100 index has pulled back the losses experienced after yesterday's terrorist attacks in London, and closed the week higher than when it started on Thursday, as the market anticipates an interest rate cut may now be imminent.
The UK blue chip index closed the day up 73.9 points or 1.43% to 5,232.2 as the market speculates the Bank of England will now reduce interest rates at its next meeting in August.Retail stocks saw their values rise again after struggling earlier in the week, as Kingfisher closed the day up 4.5p or 1.87% to 245p and Next rose 26p or 1.77% to £14.93. BP also closed the day up 20p or 3.22% to 641.5p, along with Shell Transport & Trading which gained 7p or 1.26% to 564p, as the oil price in New York rose again earlier to $61.74 a barrel for August delivery on the back of continuing storms in...
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