Interest rates reached 1% for the first time in 13 years today as Bank of England policymakers battle rampant inflation.
Last night, the US Federal Reserve increased its key rate by 0.5% but Wall Street markets rose sharply as the tone of comments from chairman Jerome Powell proved to be less hawkish than traders had feared.
In another busy day for corporate updates, Shell today revealed that profits had jumped 182% to $9.1 billion (£7.3 billion) as it benefited from the surge in oil and gas prices in the first three months of the year.
