The Bank of England is anticipated to maintain rates at 5.25% as consumer prices surpass predictions.
The Bank of England is anticipated to maintain rates at 5.25% as consumer prices surpass predictions.
The UK’s leading building society, Nationwide, has introduced an 8% regular savings offer – the highest available rate in ten years.
The FTSE 100 is on track to close at its highest level in five months after the surprise drop in inflation last month.
The Bank of England’s (BoE) upcoming decision on whether to increase interest rates for the 15th consecutive time is hanging in the balance, particularly after the unexpected dip in inflation,
Last month saw an unforeseen dip in inflation, even with concerns about escalating fuel prices in the lead-up to the Bank of England’s upcoming interest rate determination.
Drivers are being alerted about increasing fuel prices as the price of oil nears $100 per barrel.
Octopus Energy has secured a 10% ownership in the Borssele III & IV offshore wind farm located in the Dutch North Sea, with the purchase amount remaining undisclosed.
Successful Completion of ALS-6000-101 Sixth Dose Escalation and Clinical Update
Goldman Sachs has stated that they don’t anticipate the Bank of England to push interest rates beyond 5.5pc, as the financial institution adjusted its predictions for UK borrowing costs downward.
In early trading, the FTSE 100 experienced a slight dip as market participants anticipated interest rate verdicts from the US Federal Reserve and the Bank of England.
The FTSE 100 is set to achieve its most significant weekly increase in nearly a year, driven by the belief that the rate hikes might be drawing to a close.