FTSE 100 Slips Ahead of Bank of England Rate Decision
The FTSE 100 index closed at 14,378 on Wednesday, down 0.45% from its previous close.
This decline of 65 points was less severe than a near-1% drop earlier in the day.
Selling activity was concentrated in London, with the DAX finishing nearly flat.
The cautious market atmosphere is due to the upcoming Bank of England rate decision, which has investors hesitant about their positioning ahead of the announcement.