Finally, in economic news, the Bank of England has cut its base rate to 4%, providing some relief to borrowers after years of high interest rates.
However, with inflation still running at 3.6% in June and the job market showing signs of fragility, the central bank has suggested that further reductions are unlikely before 2026.
This steady approach aims to keep inflation under control while preventing shocks to the housing market. For mortgage holders, the move is welcome, but savers face the challenge of declining returns.