A seismic shift in the tech industry is sending shockwaves through global markets! This morning, we bring you the latest updates as the FTSE 100 navigates through turbulent waters following a massive sell-off that has wiped out a staggering trillion dollars from the technology sector. On this Thursday, February 5, 2026, we welcome you to our live blog, keeping you informed about significant financial developments.
As major software firms attempt to recover from recent losses, triggered by the revelation of Anthropic's groundbreaking advancements in artificial intelligence, all eyes in London are once again focused on the heart of the financial district.
Today marks an important moment as the Bank of England’s monetary policy committee convenes for its inaugural meeting of the year. The central question on everyone’s mind is whether there will be a reduction in interest rates. While many market analysts and the City AM Shadow MPC are anticipating a decision to maintain the current rates, the trend of gradual adjustments to the base rate continues to unfold.
Investors are speculating that any potential cut of 25 basis points may not occur until April. This timing aligns with expectations that upcoming regulatory changes in energy pricing will contribute to a decrease in inflation rates.
In conjunction with the interest rate deliberation, the Bank is also set to release its first monetary policy report of the year. This document is expected to contain fresh forecasts regarding how recent Budget policies might affect price growth, along with an insightful analysis of how President Trump’s tariffs have impacted global trade flows.
Bank Governor Andrew Bailey is likely to provide updated insights on inflation trends, which will be critical in shaping expectations for interest rate movements in the foreseeable future.
Will the Bank adopt a more accommodating stance concerning interest rates, or will it stick to its careful approach? Stay tuned as we deliver the day’s key headlines.
To give you a taste of what else is happening, here are some highlights from yesterday:
- Exclusive: Starling's major investor pulls support for London IPO. Read more here
- Lime's policy chief advocates for re-timed traffic signals to enhance safety for cyclists in London. Discover more
- Britain’s economic growth faces a downturn, leaving the Business Secretary scratching his head. Find out more
- The Debate: Is it time to forgive student loan debt? Join the conversation
- Could the Guinness deal with Bristol City signal new trends in football shirt sponsorships? Explore this topic
What do you think about the potential changes in interest rates? Could the tech sell-off lead to lasting impacts on the market? We encourage you to share your views in the comments!
