FTSE 100 down 0.7, FTSE 250 off 0.6
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Dec 15 Reuters UK39;s exportdriven FTSE 100 fell on Thursday, tracking glum global sentiment, while traders avoided bets on risky assets ahead of the Bank of England39;s monetary policy decision.

The bluechip FTSE 100 fell 0.7, while the FTSE 250 shed 0.6 by 929 GMT.

Global markets sagged after the U.S. Federal Reserve said it would continue raising interest rates, rekindling fears that tighter policy could trigger a recession.

Markets are in the red, taking their cues from a negative close on Wall Street after the Fed39;s dot plot suggested the terminal rate could be higher than expected, above 5, said Victoria Scholar, Head of Investment at interactive investor.

After the Fed39;s hawkish commentary on Wednesday, traders now await the BoE39;s monetary policy meeting at 1200 GMT.

UK data, earlier this week, reflected easing inflation, but wagegrowth figures raised concerns that underlying inflation is yet to cool.

The split within the Monetary Policy Committee could give a hawkish edge to the meeting. That would really mess up the central bank39;s communication and might prompt a very confused market reaction, said Stefan Koopman, senior market economist at Rabobank.

Besides the 50 basis point hike on Thursday, Koopman expects BoE39;s terminal rate to be 4.75 by mid2023.

Banks declined 1.4, bogged down by a 1.9 drop in HSBC after a few…