9/21, 7:23 AM (Source: TeleTrader)
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Europe down in premarket with BoE in focus

Equities in Europe traded lower in the premarket on Thursday with the Bank of England's (BoE) newest monetary policy taking center stage. The markets also responded to losses Wall Street observed the previous day following the Federal Reserve's decision to leave interest rates unchanged. The United States central bank also projected the federal funds rate will stay between 5% and 5.25% at the end of 2024.

The DAX decreased by 1.00% at 7:11 am CET. At the same time, the FTSE 100 declined by 0.89%. The CAC 40 fell by 0.93%. The Eurostoxx 50 dropped by 1.11%.

The euro lost 0.23% to the dollar to change hands for $1.06368 at 7:18 am CET. The same minute, the pound sterling dipped by 0.17% against the greenback to go for $1.23227.

Baha Breaking News (BBN) / JR