FTSE 100 hits record closing high amid hopes of interest rates cuts – as it happened

Rolling coverage of the latest economic and financial newsFTSE 100 hits record closing high amid hopes of interest rate cutsFootsie turns 40: FTSE 100’s rise, rise and stagnation over four decadesThe City money markets are brought forward their forecast for the Bank of England’s first interest rate cut to August.City investors are pricing in a more rapid easing from the BoE this morning, after its deputy governor Sir Dave Ramsden predicted on Friday that UK inflation could be lower t