Latest stock markets updates, business and money news on Monday
The new week brings with it fresh attempts for several markets to hit new highs, with the FTSE 100 pushing around the 9,000 points threshold, bitcoin seeks support above $120,000 and Brent Crude Oil ended last week above $70.
In the domestic mortgages market, lenders continue to battle for the hundreds of thousands of homeowners expected to seek new terms on their deals this year, with Barclays lowering more rates into the sub-4 per cent range and Lloyds announcing their plans to make the most of changed regulations allowing more than 4.5 times income to be lent to prospective buyers.
Meanwhile, two investment banks – Bank of America and Goldman Sachs – have differing views on how fast the Bank of England will reduce interest rates for the rest of 2025, though both expect a cut in August.
