Starting a week where the UK will get its latest official inflation data, the Bank of England governor Andrew Bailey has suggested that interest rates will be cut once more next month, saying the “downward path” remains on course as businesses tighten up the jobs market following the rise in National Insurance Contributions.
In the money markets, shares are expected to open lower on Monday for FTSE 100 firms, while bitcoin continues its record surge to hit new highs well above $120,000. Silver, gold and Brent Crude oil have also all been on the rise, but the pound has continued to drop against the dollar.
