Europe closes lower after BoE holds rates

Thursday, 17. September 2020 17:30

European equities closed with losses on Thursday after the latest update from the Bank of England. Policymakers at the central bank decided to hold the main interest rate unchanged at 0.1%, but warned the outlook remained "unusually uncertain" due to the effects of the coronavirus pandemic.

Meanwhile, amid increased uncertainty surrounding Brexit, President of the European Commission Ursula von der Leyen said she still believes a trade deal between the European Union and the United Kingdom can be agreed before the end of the year.

The DAX lost 0.36% in Frankfurt. The CAC 40 fell 0.69% as Unibail-Rodamco-Westfield led the losses. Meanwhile, the FTSE 100 declined 0.47%; mining company Polymetal International dropped 3.62%. The euro was up 0.08% against the dollar at 5:45 pm CET, buying $1.18262. At the same time, the pound was down 0.12% versus the greenback to go for $1.29505.

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Breaking the News / JC