European stocks buoyed as Bank of England signals it is closer to cutting rates

European stock markets were in good spirits on Thursday after the UK’s central bank signalled that it was getting closer to being able to cut interest rates.

London’s FTSE 100 hit a new all-time high after the Bank of England revealed it was keeping interest rates at 5.25% for another month.

The index closed 27.03 points higher, or 0.33%, at