Market insights

UK Interest Rate Decision Today

Today sees the Bank of England release it's interest rate decision.

Analysts believe there is a 25 point cut inbound to 5%.

However the same analysts think the vote count will be tight at 5 to 4 in favour of the cut.

Expect big repercussions for the Pound if the rate is left unchanged.

The markets do appear to be pricing in a cut as Sterling softens first thing.

There's also US manufacturing data out later, so it could be another lively day in the markets.

Business news covers the UK housing market with the Nationwide reporting a significant jump in house prices at breakfast today.

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Economic calendar

UK: 12:00 BoE Interest Rate Decision

UK: 12:00 MPC Vote Count

UK: 12:30 BoEs Andrew Bailey Speech

US: 15:00 ISM Manufacturing PMI

As ever we look forward to keeping you in the loop and look out for our next update.

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