The Bank of England is today expected to hike interest rates to 0.5% and make another upward revision to its inflation forecasts.
The rates increase from 0.25% is due to be announced at noon and will be the first back-to-back move by the Bank's monetary policy committee since 2004. An hour earlier, Ofgem will raise its energy price cap in another cost of living blow for UK households.
On the corporate front, BT and Shell have posted results this morning.
