Pound weak against dollar, euro after BoE signaled lower interest rate

European stock markets closed up last night (27 Sep), rising amid hopes of a trade-US-China trade agreement. And the trend of issuing fiscal measures and monetary policy to stimulate the economy in the eurozone area
The Stoxx Europe 600 Index added 0.47% to close at 391.79.

CAC-40 French stock market closed at 5,640.58 points, up 20.01 points or + 0.36%, German stock market DAX at 12,380.94 points, up 92.40 points or + 0.75%, and FTSE 100 London stock market closed at 7,426.21 points, up 75.13 points or + 1.02%
Mining stocks in the British stock market closed higher, supported by the weaker pound. After the Bank of England for the first time promised to cut interest rates.

The United States and China are preparing to negotiate a new high-level trade negotiation on Oct. 10-11 in Washington. With the goal of resolving trade disputes that have been operating for almost 15 months
Steel makers’ shares rose The shares of Thessen Krupp plus 2.26% and Arceller Mitt shares increased 2.73%.

Safe stocks rose. Amid concerns about the recession in Europe. After many European companies announced a warning about profits this week The health care, property and utility groups closed higher.
Total French shares, up 1.86%, and Germany’s Lufthansa shares rose 3.25%
The Pur Simmon and the British King Fischer shares rose 5.22% and 3.62% respectively.