BUSINESS LIVE: Markets await BoE rate hike; Whitbread sales jump

BUSINESS LIVE: FTSE 100 sinks as markets await Bank of England rate hike; Whitbread sales jump; DS Smith volumes remain weak

Updated: 09:31 BST, 22 June 2023

Markets expect the Bank of England to reveal its 13th consecutive base rate hike at midday with the bank under pressure to bring down consumer price inflation, which held at 8.7 per cent in May.

Traders are currently split as to whether the BoE will opt for a 25 basis point hike to 4.75 per cent or a larger 50bps hike to 5 per cent.

The FTSE 100 is down 1,2 per cent in early trading. Among the companies with reports and trading updates today are Whitbread, DS Smith and Speedy Hire. Read the Thursday 22 June Business Live blog below.

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