Breaking News-RTRS-GLOBAL MARKETS-Interest rate cuts compound fears, stocks sink

NEW YORK, Nov 6 (Reuters) - A flurry of deep central bank interest rate cuts, designed to bolster investor confidence, failed to prevent world stock markets from sliding on Thursday, as the prospect of recession loomed in Europe and the U.S.
The British pound lost ground after the Bank of England (BoE) made a hefty 1.5 percentage point cut to its benchmark interest rate, dropping it to a more than half-century low of 3.0 percent.
The euro, and Swiss franc also fell against the U.S. dollar after both the European Central Bank and the Swiss central bank cut benchmark rates by half a percentage point. The Czech Republic also cut rates more than expected, causing the crown to fall versus the euro.