The Bank of England is anticipated to maintain rates at 5.25% as consumer prices surpass predictions.
Nationwide Building society launches 8pc regular savings account
The UK’s leading building society, Nationwide, has introduced an 8% regular savings offer – the highest available rate in ten years.
FTSE 100 is poised for its highest closing since April
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 interest rate decision teeters following a decline in inflation.
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,
Unexpected drop in inflation before the decision on interest rates.
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.
UK Drivers ‘in for a hard time’ if oil hits $100, warns RAC
Drivers are being alerted about increasing fuel prices as the price of oil nears $100 per barrel.
Octopus Energy buys 10% stake in Dutch offshore wind farm
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.
Avacta Group PLC (AIM:AVCT) Successful Completion of Sixth Dose Escalation
Successful Completion of ALS-6000-101 Sixth Dose Escalation and Clinical Update
The UK interest rates will peak at 5.5pc, Goldman Sachs predicted.
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.
The FTSE 100 has slipped in early trading as Bank of England tipped to raise rates to 5.5pc
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.
FTSE 100 on track for biggest gain since November
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.