BUSINESS LIVE: Bank of England raises growth forecast for 2021 to 7.25% as rates stay at 0.1%. The PMI for services hits a seven-year record of 61; Next, another Prize Upgrade will be issued
- Economic growth forecasts are being increased today by the Bank of England
- Boss of Next looks forward to shoppers returning for parties and weddings
The FTSE 100 had an excellent day on Wednesday and analysts will be watching closely to see if it stays above the 7,000 mark.
It will be a busy day for traders as voters take part in the polls, following recent decisions by the Bank of England Monetary Policy Committee.
Gross domestic product projections are expected to rise in the wake of the mass vaccine rollout in the country, and interest rates are expected to stay at 0.1 percent.
Retailer Next today released its third earnings upgrade in less than a year, meaning almost all of the ground lost by the pandemic has been restored.
Elsewhere, builder Barratt announced it would repay more money received through the government in the form of business rate relief, and Trainline revealed the extent of the pandemic’s impact on its business and posted a huge loss.