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| Version 1 | Version 2 |
|---|---|
| Pound steady as shares head down | Pound steady as shares head down |
| (about 1 hour later) | |
| UK shares have dipped further, while the pound is steady, as investors continue to digest the Bank of England's latest pronouncement. | UK shares have dipped further, while the pound is steady, as investors continue to digest the Bank of England's latest pronouncement. |
| On Thursday, the Bank stunned the markets by keeping interest rates on hold, following speculation that it would cut rates from 0.5% to 0.25%. | On Thursday, the Bank stunned the markets by keeping interest rates on hold, following speculation that it would cut rates from 0.5% to 0.25%. |
| By lunchtime on Friday, the FTSE 100 was down 19.66 points at 6,634.81. | |
| The pound was up 0.27% against the dollar at $1.3379. Against the euro, it was unmoved at €1.2006. | |
| Among individual shares, airlines bore the brunt in the wake of Thursday night's Bastille Day attack in the French resort of Nice. | Among individual shares, airlines bore the brunt in the wake of Thursday night's Bastille Day attack in the French resort of Nice. |
| Easyjet and British Airways owner IAG were down 3.5% and 1.8% respectively. | |
| At the same time, High Street mainstays Morrisons and Marks and Spencer fell 2.2% and 2% respectively. | |
| Other European share indexes were also down, reflecting market gloom at the French terror attack. | Other European share indexes were also down, reflecting market gloom at the French terror attack. |
| The Cac index in Paris was down by about 0.8%, while Frankfurt's Dax also dropped about 0.8%. |