FTSE 100 Holds Above Key Level as BOE Maintains Interest Rate Stance

The FTSE 100 closed at 10,737.05 after holding above the 10,700 level that has acted as a floor in recent trading.

The Bank of England's decision to maintain its current interest rate stance is seen as the key backdrop for equity investors.

This means the cost of borrowing is not expected to decrease significantly, which tends to weigh on rate-sensitive sectors and leave dividend-heavy blue chips stagnant.

The UK's major indices were largely unchanged, with Paris falling 0.55% and Frankfurt's DAX finishing flat due to France-specific pressure rather than a broad pan-European sell-off.