European Stocks Rally as BoE Holds Rates, Gilt Yields Slide

European equities closed higher, led by the FTSE 100, after the Bank of England held rates at 3.75% and paused long-Gilt sales, driving yields down across European bonds and Treasuries. Falling oil prices added support. The move signals easing financial conditions, though the BoE's pause on quantitative tightening is a notable shift in policy stance.