The week ahead is a significant one for central banks on both sides of the pond, with the Federal Reserve and the Bank of England each set to announce interest rate decisions.
First up on Wednesday is the Fed, where it would seem the question is no longer if there will be a rate cut, but rather by how much. Markets on Friday ascribed a 57 per cent probability to a quarter-point cut.
The Bank of England is expected to keep UK rates on hold, but last Tuesday’s underwhelming economic growth report for July have slightly increased the odds of a rate cut.
In companies news, we can expect half-year results from B&Q and Screwfix owner Kingfisher, and clothing retailer Next.
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