India, May 8 -- European stocks closed on a firm note on Thursday with investors reacting to earnings, and news about an impending trade deal between the U.S. and the U.K., and digesting the Bank of England and the Federal Reserve's monetary policy moves.
The Bank of England has cut interest rate by 0.25% as widely expected, amid concerns over the potential shock to global growth due to Trump administration's tariff policies.
U.S. President Donald Trump unveiled the framework of a trade agreement with the U.K., marking the first deal since he announced new tariffs on U.S. trade partners in early April.
Trump claimed in a post on Truth Social that the agreement would raise $6 billion in external revenue from 10% on tariffs on U.K. exports...