The rate of UK Index Stalled in Fourth Day

UK stock market opened lower on the session ended today (10/09). The main index FTSE 100 was forced to stop the reinforcement that has been going on for the last 3 days ahead of the rate decision and the release of the Bank of England meeting.

The FTSE 100 was observed to drop 0.9% to 6,175.69 positions. Correction experienced by the UK index in line with the stock performance of other European and Asian markets stalking poor performance this morning.

Mining shares fell in London. Investors sold the shares of sectors whose business is closely related to China's economic performance. BHP Billiton shares fell as much as 1.4%, the biggest compared to other oil and gas stocks.

At the same time, the exchange rate of the pound sterling recorded at 1.5354 per US dollar or weaker than the price on Wednesday. Market participants are not too optimistic about the prospects of Sterling exchange rate, particularly ahead of England interest rate decision next few hours. Analysts estimate the market interest rate was maintained at 0.5% position, referring to the conditions of low inflation and indications of an economic slowdown in the UK.

Broadly speaking, policymakers at the Bank of England and the United States claimed that China's economic downturn did not have a major impact on their respective domestic conditions. Market participants await any further comments about this issue and instructions on changes in interest rates in the near future.