All eyes are on the Bank of England ahead of a critical meeting tomorrow to decide how big the inevitable hike in interest rates will be.

The Bank is expected to up the current rate of 0.75% by a quarter of a percentage point, despite economists saying it should move faster to curb rampant inflation, currently at a 30-year high.

In the US, the Federal Reserve signalled a more aggressive 0.5 percentage point rise earlier today. US interest rates are likely to exceed 3% by early 2023.