The Bank of England's interest rate cut on Thursday will bring a sigh of relief for borrowers, businesses and hard-pressed consumers across the country.

The Bank of England base rate is currently 4.5% - analysts expect a cut to 4.25%, which would make some mortgages cheaper.

The Bank of England is poised to extend its slow run of interest rate cuts on Thursday, reducing rates by a quarter point to 4.25%. Investors will be watching for any signs that it could soon pick up the pace as U.S. President Donald Trump's tariffs weigh on the world economy.