FTSE drops after BoE unveils forward guidance

The FTSE 100 was down 0.62% after the Bank's inflation report was published, having earlier been in positive territory. That loss was subsequently extended into a 1% fall on the day shortly after 11:00 BST, bringing the index down to 6,540. The pound also fell 0.65% against the dollar to 1.52, having earlier been trading flat on the day, as the BoE said it would not consider raising rates until unemployment fell to 7%. But sterling then recovered those losses and began strengthening against the dollar, even as the FTSE continued to fall, as investors continued to assess the implica...