European Markets React to BoE's Interest Rate Decision

On Friday, major European stock indexes experienced a downturn in premarket trading, following the Bank of England's (BoE) decision to keep interest rates unchanged at 4.75%. This move by the BoE has left investors assessing the implications on the market alongside new economic reports.

Investors are also digesting fresh reports on German producer prices and the United Kingdom's retail sales, which are set to be published before the opening bell. These reports could provide additional insights into the current economic climate in Europe.

At 8:00 am CET, the DAX lost 0.20%, and the FTSE 100 declined by 0.25%. Meanwhile, the CAC 40 decreased by 0.28%, and the Euro Stoxx 50 tumbled by 0.70%. The euro and the pound traded flat against the dollar at 7:58 am CET, selling for $1.03755 and $1.25039 respectively.