Author: BBC

He said lenders had been shifting rates regularly. They are responding to the view of investors who now expect the Bank of England’s Monetary Policy Committee to make fewer, and later, changes its base rate of 5.25% this year than previously anticipated. Cuts in this rate makes borrowing less expensive. Source link

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Earlier, the US military said its forces had carried out four “self-defence” strikes against seven mobile cruise missiles and one mobile ballistic missile launcher in Houthi-controlled areas that were prepared to launch towards the Red Sea on Wednesday. They also shot down a one-way attack unmanned aircraft system (UAS), or drone, it added. Source link

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