Shares in British banks were broadly down on the FTSE 100 in morning trading following yesterday's announcement on interest rates from the Bank of England.

The BoE once again, to no one's surprise, held rates at 0.5 per cent, the record low that was set nearly two years ago.

By 09:30 shares in RBS were down 0.09 per cent to 44.26 pence per share, Barclays shares declined 1.23 per cent to 309.40 pence per share and HSBC shares dropped 0.78 per cent to 709.40 pence per share.

However Lloyds Banking Group saw its shares rise 0.62 per cent to 66.21 pence per share.

Overall the FTSE 100 was down 0.09 per cent to 6,014.54.