# European markets live updates: Fed reaction and BoE and SNB decisions

> European stocks closed at a record high on March 21 after the Bank of England held rates at 5.25% with a dovish tilt and the Swiss National Bank unexpectedly cut its policy rate to 1.5%. The pound fell against the dollar while UK gilt yields dropped.

- Date: 2024-03-21 · published 2024-03-21T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/31465-european-markets-live-updates-fed-reaction-and-boe-and-snb-decisions
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Central bank easing expectations weaken the pound and can support dollar-priced commodities; the effect on feed markets is modest and mostly through currency moves.

## Sources

- cnbc.com: https://www.cnbc.com/2024/03/21/european-markets-live-updates-fed-reaction-and-boe-and-snb-decisions.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.