The Bank of England has been warning over ongoing inflationary pressures meaning there’s still a careful path to be walked before interest rates come down further - but governor Andrew Bailey has pointed to a softening jobs market too, with markets still expecting an August rate cut as a result.
In the stock markets, the FTSE 100 enjoyed a positive end to the week along with European stocks, while oil prices were muted at around $68 despite a slight rise on supply constraints. Shell also rejected talk over a bid to takeover rival BP, which arose this week.
