The UK's Bank of England has cut its interest rate by another 0.25% to 4.5%. The BoE cites mounting concern around the UK's growth trajectory with this now being cut to 0.75% down from 1.5% which was only made in November 2024. Interestingly the BoE also said it predicted short term inflation to rise once again before it fell, stoking concerns around stagflation taking hold in the UK. As rates fell the pound weakened which inversely boosted the value of he FTSE 100 with its international focused businesses to a record high. All eyes will now be on the UK's first quarter growth for the next update on the state of UK growth and for a hint as to where interest rates will go next.