Financial Times – Bailey’s ‘top of the cycle’ signal casts doubt on more rate rises

Governor of the Bank of England, Andrew Bailey, has indicated the UK could avoid further interest rate rises – sinking the pound against the dollar to the lowest rate for three months, the Financial Times says.

The front page also reports the world has been put “on alert” after experiencing “its hottest season since records began”.

The paper also has space for news the UK is to rejoin the EU’s Horizon research club, after leaving during Brexit. The paper calls it a ‘burst of joy’ for UK science.