The Bank of England is expected to cut interest rates for a fifth time in a year later today.
Financial markets predict the Bank will reduce interest rates to 4% from 4.25%, taking it to the lowest level since 2023.
The central bank’s monetary policy committee (MPC), the nine-member group that sets the base rate of interest in the UK economy every six weeks, is expected to back the reduction despite inflation reaching an 18-month high in June.
The Bank of England will also publish its forecasts for the economy while the Office for National Statistics will release data on how the UK performed between April and June.
It grew by 0.7% in the first three months of the year, but also contracted in April and May by 0.3% and 0.1% respectively.
Chancellor Rachel Reeves said the figures were "disappointing".
FTSE 100
The UK's flagship share index, the FTSE 100, was down 16 points at 9,142 shortly after opening this morning.
Brent crude oil futures were up 0.66% at $67.34 a barrel.
Companies reporting today
- Deliveroo - Half Year Results
- Dowlais Group - Half Year Results
- Eli Lilly* - Q2 Results
- Harbour Energy - Half Year Results
- Hikma Pharmaceuticals - Half Year Results
- InterContinental Hotels Group - Half Year Results
- Just Group - Half Year Results
- Morgan Advanced Materials - Half Year Results
- Serco Group - Half Year Results
- Spectris - Half Year Results
- WPP - Half Year Results