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FTSE lower ahead of BoE; banks, miners weak

Thu Nov 5, 2009 3:42pm IST
 
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* FTSE 100 down 0.6 percent

* Banks, miners retreat after Wednesday's gains

* BoE rate, quantitative easing decisions eyed

By Tricia Wright

LONDON, Nov 5 (Reuters) - Britain's top share index fell on Thursday, as banks and miners retreated ahead of the Bank of England's announcement on interest rates and possible comment on quantitative easing.

At 0956 GMT, the FTSE 100 .FTSE was down 32.70 points, or 0.6 percent at 5,075.53, after trading at 5,055.49 points before the release of the UK manufacturing data.

British manufacturing output rose faster than expected in September, and at its fastest monthly pace since July 2002, rebounding from August's sharp drop, official data showed. [ID:nONS004571]

The UK benchmark closed 1.4 percent higher on Wednesday, recouping all of Tuesday's 1.3 percent loss when the index fell to its lowest closing level in a month.  Continued...

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