Rate-setters are all but certain to announce a cut from 4.75% to 4.5% at the next Monetary Policy Committee meeting on Thursday.

Markets have raised the prospect that the Bank of England will cut the base rate by up to four times this year, as fears of a global trade war rise.   US President Donald Trump has said he would impose tariffs of 25% on Mexico,

Concerns about a full-blown global trade war has sent shockwaves through financial markets, amid fears over what it could mean for inflation, interest rates and the world economy

Trump's tariffs could derail Europe's 2025 growth, say top Wall Street analysts. Goldman Sachs sees eurozone GDP at 0.7%, well below latest ECB projections. Key sectors such as cars and pharmaceuticals face risks,