FTSE 100 slips ahead of Bank decision

Thursday 5th February 2009, 8:58AM GMT.

FTSE 100 slips ahead of Bank decisionThe FTSE 100 slipped one per cent in early trading ahead of the Bank of England’s interest rate announcement expected at noon.

By 08:30 GMT, the UK’s leading share index had slipped over 41 points to 4,186.71, with most stocks falling into the red.

Investment fund Schroders led the fall, down 6.83 per cent by 08:31 GMT, with consumer goods giant Unilever following closely with a 5.87 per cent fall.

A mining stocks rally appeared to have run out of steam, with Eurasian Natural Resources down 3.31 per cent and Xstrata trading 2.36 per cent lower after yesterday’s gains.

However, energy stocks were climbing, with BG Group up 6.52 per cent and Tullow Oil prices flat.

Overnight, the US Dow Jones index fell 1.5 per cent on anxiety about bank rescue plans, while in Asia, Japan’s Nikkei 225 was off by 1.11 per cent.



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