Stock equities in Europe continued to rise on Thursday as investors digested the Bank of England's decision to slash its benchmark interest rate by 25 basis points, increasing investors' confidence.
Bank of England Governor Andrew Bailey indicated that policymakers may continue to lower interest rates gradually in the months ahead.
London's FTSE 100 surged 1.62%. The DAX jumped 1.08% at 1:54 pm CET. The Euro Stoxx 50 climbed 0.82% and the CAC 40 soared 1.04%.
The British pound sterling dropped 1.07% against the American dollar, going for 1.23694. The euro lost 0.44% versus the greenback, selling at 1.03592.
