Brits face waiting for interest rates relief with the Bank of England poised to put cuts on hold today.
The Monetary Policy Committee looks set to keep the base rate at 4.25 per cent when the latest decision is announced at noon.
Analysts believe the threat of the Middle East crisis sending oil prices spiking, together with 'sticky' domestic inflation, will outweigh the need to kick-start the stalling economy.
The MPC has voted to cut rates at every other meeting since borrowing costs started to ease from a peak of 5.25 per cent last August.
That process has been facilitated by inflation drifting down from eye-watering highs reached in 2023, after Russia's invasion of Ukraine and the fallout from Covid triggered chaos.
