City Traders And Newspapers Headlines Both Deal In Fantasy
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Trading at the London International Financial Futures Exchange (LIFFE) today (Thursday), as the big cut in interest rates failed to stop shares sliding steeply, after the Bank of England’s announcement at noon of a 0.5% cut in the cost of borrowing, the FTSE-100 index quickly narrowed its early losses by around 30 points. Photo by Toby Melville. See PA Story CITY Market.