How much did FTSE futures gain after the interest rate cut?

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FTSE Futures Saw a 0.9 Per Cent Gain Following Interest Rate Reduction

FTSE futures experienced a 0.9 per cent increase subsequent to the Bank of England's decision to lower interest rates. This adjustment marked the central bank's initial rate cut since August 2016, amounting to a 50 basis point reduction. The move was implemented to mitigate the economic impact of the coronavirus outbreak.
Bank of England's Unexpected Rate Cut

The Bank of England implemented an unexpected 50 basis point interest rate cut. This action was taken with the specific objective of safeguarding the economy against the repercussions of the coronavirus outbreak. The reduction in rates was the first such measure enacted by the central bank since August 2016.
Impact on Market Sentiment

The rate cut by the Bank of England had a positive influence on broader European market sentiment. In addition to the rise in FTSE futures, Euro Stoxx 50 futures saw a gain of 0.7 per cent, and German DAX futures advanced by 0.4 per cent.
Government's Expected Response

The financial markets are anticipating further economic support measures from the government. New finance minister Rishi Sunak is expected to announce significant fiscal measures, potentially amounting to billions of pounds, to combat the fallout from the coronavirus. This announcement is anticipated to coincide with the unveiling of the first budget under Prime Minister Boris Johnson's administration.

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How much did FTSE futures gain after the interest rate cut?

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