Nationwide and Virgin Money customers given ‘positive’ Monday update

Dariusz Karpowicz, director at Doncaster-based Albion Financial Advice, described the cuts as "genuinely good news". He continued: "Lenders are clearly competing again rather than nibbling at the edges, and borrowers on shorter fixes will feel the sharpest benefit. "That said, Trump calling Iran's response to his peace plan "totally unacceptable" overnight is exactly the sort of headline that rattles swap rates. Oil spikes feed inflation fears, and inflation fears feed pricing."