FTSE 100 nears record high amid rate cut hopes; Asking prices for UK homes rise – business live

Rolling coverage of the latest economic and financial newsThe City money markets are brought forward their forecast for the Bank of England’s first interest rate cut to August.City investors are pricing in a more rapid easing from the BoE this morning, after its deputy governor Sir Dave Ramsden predicted on Friday that UK inflation could be lower than expected over the next few years. Continue reading...