Stock market news plus latest business and personal finance updates from Monday
The Bank of England is set to announce its decision on interest rates this week (Yui Mok/PA) (PA Archive)
In a fairly sudden change of approach, several major banks are now predicting that the Bank of England will cut interest rates this week down to 3.75 per cent.
The …
Stock market news plus latest business and personal finance updates from Monday
The Bank of England is set to announce its decision on interest rates this week (Yui Mok/PA) (PA Archive)
In a fairly sudden change of approach, several major banks are now predicting that the Bank of England will cut interest rates this week down to 3.75 per cent.
The MPC’s next meeting comes on Thursday 6 November and, up until only a few weeks ago, few if any thought there would be a cut pre-Budget - most didn’t expect one until 2026. But the combination of fewer jobs vacancies as companies cut back on hiring, and inflation unexpectedly flattening out in September, now has the like of Barclays and Goldman Sachs believing that a split vote will result in a November cut in a boost to mortgage seekers.
Meanwhile, the price of oil has pushed higher as Opec pauses its output hikes, while gold has crept back above $4,000 after a steep recent decline.
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Business and Money live: 3 November
Morning all and welcome to another week of your personal finance, UK business and stock markets news on The Independent.
We’ll start today with interest rates talk ahead of the MPC meeting, which comes on Thursday.
Karl Matchett3 November 2025 07:55