India, June 19 -- A cautious monetary policy stance by the Bank of England as well as escalation in hostilities between Israel and Iran dampened sentiment, dragging down the FTSE 100.
Close on the heels of the Federal Reserve's status quo on rates, the Bank of England also held rates steady. It cited the ongoing global uncertainty as well as persistent inflation to justify the gradual and cautious approach to further monetary policy easing.
The FTSE 100 which had closed at 8,843.47 on Wednesday traded between 8,844.12 and 8,793.14 on Thursday.
The benchmark index of the London Stock Exchange is currently trading at 8,815.01, having slipped 0.32 percent from the previous close.
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