London’s blue-chip index smashed through recent highs after experts said the Bank’s announcement gave it ‘a shot of adrenaline’.

Laurence Mutkin, BMO’s EMEA head of rate strategy, is worried that the Bank of England is going to focus too much on slowing growth when it updates the market today. He told Bloomberg TV earlier what the gilt market actually wants to hear is that Governor Andrew Bailey is laser-focused on inflation.