UK shares slip after BoE holds rates at 3.75% as Fed hawkishness weighs

The Bank of England kept its benchmark rate unchanged at 3.75%, with only two policymakers voting for an increase. The U.S. Federal Reserve also left rates on hold, but nine officials still project a rate hike this year. Risk appetite weakened, pressuring precious-metal miners as Fresnillo fell 6% and Hochschild Mining dropped 8%. The FTSE 100 slid 0.87% and the FTSE 250 fell 0.8%, while BP and Shell each lost 1.6% as oil prices hit their lowest level since the start of the Iran war.