European stocks opened sharply higher Thursday as investors await an interest rate decision from the Bank of England.
The pan-European Stoxx 600 jumped 0.7% after the opening bell, basic resources and oil and gas stocks both rising more than 1.5% in early deals as all sectors traded in positive territory.
The week’s focus on central banks continues Thursday, with the Bank of England due to announce its June policy decision at noon BST. Economists polled by Reuters are expecting a unanimous vote to hold rates at 0.75%, despite two officials recently mooting the need for higher borrowing costs in the near future.
Soiurce : CNBC