BUSINESS LIVE: BofE expected to cut base rate; Rolls faces supply chain hit; ITV Studios continues to deal with US strikes

Economy
By Liam

Through live commentary

Updated:

The Bank of England is expected to cut interest rates again later today, despite renewed concerns about a looming revival of inflationary pressures.

Markets expect the bank’s Monetary Policy Committee to vote for a further cut of 25 basis points to 4.75 percent by midday.

The FTSE 100 opens at 8am. Companies with reports and trading updates today include Rolls-Royce, ITV, Sainsbury’s, Taylor Wimpey, Auto Trader Group, S4 Capital and Trainline. Read the Business Live blog from November 7 below.

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BofE expected to cut the base rate around midday

The Bank of England is expected to cut interest rates again later today, despite renewed concerns about a looming revival of inflationary pressures.

Markets expect the bank’s Monetary Policy Committee to vote for a further cut of 25 basis points to 4.75 percent by midday.

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