FTSE 100 Live: The Tech Sell-Off's Impact on Global Markets
February 5, 2026
Good morning, and welcome to the City AM liveblog. Today, we're diving into the aftermath of the trillion-dollar tech sell-off that's shaken global markets. As software giants grapple with the fallout from Anthropic's groundbreaking AI innovation, the City of London is abuzz with anticipation.
The Bank of England's Monetary Committee is set to meet, and the question on everyone's mind is: will interest rates be chopped? Markets are betting on a hold, as the Bank continues its gradual approach to base rate adjustments. Investors predict the next 25 basis point cut won't come until April, aligning with the expected impact of energy pricing changes on inflation.
But here's where it gets interesting. Alongside its interest rate decision, the Bank is set to publish its first monetary policy report of the year. This report will likely include research on the effects of budget policies on price growth and fresh analysis of President Trump's tariffs on global trade. Bank governor Andrew Bailey will also provide an updated view on inflation, offering clarity on the future of interest rate cuts.
Will the Bank's outlook be dovish, or will the slow and steady pace persist? Stay tuned as we bring you the top news of the day.
Here's a quick recap of some of our top stories from yesterday:
- Starling's Top Investors Withdraw Support for London IPO: A significant development in the fintech space, this exclusive story highlights the challenges startups face in the public eye.
- Lime Policy Chief Proposes Retiming Traffic Lights for Safer Cycling: A practical solution to enhance London's cycling safety, this story showcases the intersection of policy and urban planning.
- Britain's Growth Slumps, Leaving Business Secretary Puzzled: A thought-provoking piece on the economic challenges facing the nation.
- The Debate: Should Student Loan Debt BeForgiven?: A controversial topic, this article invites readers to share their thoughts and engage in a constructive discussion.
- Is the Guinness Bristol City Deal a Sign of Football Shirt Sponsorships to Come?: An intriguing analysis of the evolving landscape of sports marketing.
Stay tuned for more updates and insights as we navigate the ever-changing world of finance and beyond.
