Rolls-Royce and Next shares are riding high amid a packed session of corporate results. Other blue-chips in the spotlight include BAE Systems, Barclays and Shell. Today’s close call to cut interest rates at the Bank of England reflects the dilemma faced by other global policy makers, according to the latest City reaction to the dovish action in Threadneedle Street.
Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%
High street lenders including Halifax, NatWest and Santander have dropped their mortgage rates as the Bank of England cut its headline rate to 5pc.
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