India, Feb. 6 -- UK stocks are notably higher Thursday morning, in line with other major markets in Europe, as investors digest a slew of quarterly earnings updates, and await the Bank of England's monetary policy announcement.
The Bank of England is widely expected to lower interest rate by 25 basis points. Investors will focus on BoE Governor Andrew Bailey's press conference for future guidane and economic projections.
Despite concerns about U.S.-China tensions, and prospects of new tariffs by the Fed in the foreseeable future, the mood in European markets remains fairly positive this morning.
The benchmark FTSE 100 was up 105.98 points or 1.23% at 8,729.27 a little while ago.
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