Money blog: Major supermarkets see values plummet after Asda reveals new strategy - prompting price war speculation More than £4bn was wiped off the combined values of M&S, Sainsbury's and Tesco ...

It is expected to hold interest rates at 4.5%, but investors are pricing in around two further 0.25% cuts over the rest of the year. We'll have all the latest reaction and analysis after the decision.