European stocks were higher on Thursday, with U.K. investors looking ahead to the Bank of England’s policy rate decision.
European stocks were higher on Thursday, with U.K. investors looking ahead to the Bank of England’s policy rate decision.
The pan-European Stoxx 600 rose around 0.4% during early morning deals, with most sectors and major bourses in positive territory. Tech stocks led the gains, up 1%, while food and beverages stocks dipped 0.6%.
U.K. traders will be focused on the Bank of England’s rate decision Thursday, although the central bank is widely expected to hold rates steady at a 16-year high of 5.25%, with the majority of economists polled by Reuters forecasting a cut in August after the country’s July 4 election.
