* European bourses dip after recent surge in world stocks
* Sterling slides, FTSE gains as BoE hike dampens bets on more
* U.S. equities lower after U.S. tax plan outline reveal (Updates with U.S. market open, changes dateline; previous LONDON)
By Chuck Mikolajczak
NEW YORK, Nov 2 (Reuters) - World stock markets declined on Thursday, with Wall Street and the U.S. dollar falling in the wake of details of a Republican tax plan and ahead of results from Apple AAPL.O , while sterling dropped after a policy announcement from the Bank of England.
U.S. stocks edged lower after the release of the Republican tax plan, which called for a swath of changes to the U.S. tax code, including slashing the corporate tax rate and reducing the number of tax brackets for individuals. it is not revenue neutral on the face of it and it would require some awfully optimistic assumptions in terms of dynamic scoring, meaning growth will be so huge the tax cut will pay for itself," said Ed Yardeni, president and chief investment strategist at Yardeni Research Inc in New York.
"Getting it through Congress could be challenging."
Apple AAPL.O , the largest U.S. company by market capitalization, will report results after the market closes.
The Dow Jones Industrial Average .DJI fell 1.32 points, or 0.01 percent, to 23,433.69, the S&P 500 .SPX lost 4.74 points, or 0.18 percent, to 2,574.62 and the Nasdaq Composite .IXIC dropped 13.24 points, or 0.2 percent, to 6,703.29.
Housing .HGX shares stumbled 0.95 percent on the tax plan, which would maintain the deductions for mortgage interest on existing loans and newly purchased homes for up to $500,000.
The dollar fell to its lowest in a week against a basket of major currencies after the tax details were released. dollar index .DXY fell 0.24 percent, with the euro EUR= up 0.47 percent to $1.1672.
Sterling skidded after the Bank of England raised interest rates for the first time in more than 10 years but said it expected only "very gradual" further increases over the next three years. dropped 1.1 percent GBP= and was on track for its biggest one-day drop since June, and Britain's main FTSE 100 stock index climbed .FTSE 0.7 percent.
The rest of Europe retreated from two-year highs hit in the prior session. The pan-European FTSEurofirst 300 index .FTEU3 lost 0.45 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.05 percent.
Attention will stay on the Fed after it held rates steady on Wednesday and cemented expectations for a third U.S. rate hike of the year in December, with Donald Trump's expected nomination of Jerome Powell on Thursday to replace Janet Yellen at the Fed's helm. is a current policymaker and is seen by Fed followers as a Yellen-style pragmatist and less likely to sharply raise interest rates than some of the other candidates to have been in the running.
Benchmark 10-year U.S. notes US10YT=RR last rose 7/32 in price to yield 2.3505 percent, from 2.376 percent late on Wednesday.
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http://reut.rs/1WAiOSC Global currencies vs. dollar
http://tmsnrt.rs/2egbfVh Global bonds dashboard
http://tmsnrt.rs/2fPTds0 Emerging markets in 2017
http://tmsnrt.rs/2ihRugV Central Bank Interest Rate Paths
http://reut.rs/2z6zFtN
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