The Bank of England is expected to cut interest rates later today amid growing concerns about the UK's sluggish economy.
Experts think the Bank's Monetary Policy Committee (MPC) will reduce the base rate by 0.25 percentage points to 4 per cent at lunchtime.
This would mark the fifth reduction since August last year, when interest rates started steadily coming down from a peak of 5.25 per cent.
A cut will release pressure for mortgage holders and home buyers amid hopes that cheaper deals will enter the market if the Bank's base rate is lowered further.
Economists reckon a slowdown in the jobs market and stagnant economic growth will prompt the MPC to slash rates on Thursday.
