The UK's FTSE 100 share index ended virtually flat on Thursday, although mining stocks fell as base metal prices slumped on China growth concerns.
its key interest rate by 25-basis points to 4.5% and made the biggest improvement to its growth projections since it first published forecasts in 1997.
Craig Erlam, senior market analyst at Oanda, said that while the central bank's decision to increase its forecasts came as a surprise, it didn't change people's views. "The market is in a wait and see movement and we've got to wait for more data to confirm which direction of trouble we're headed in."
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