Why are interest rates going up – and what does it mean for mortgages? Markets are now anticipating a high of 6% by early next year The Independent UK · Jun 22, 2023
Labour rule out subsidies for mortgage holders as interest rates rocket Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace… The National (Scotland) · Jun 22, 2023
Rishi Sunak says he is ‘totally, 100% on it’ in battle against inflation – as it happened Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’ The Guardian - UK · Jun 22, 2023
Three ways the Bank of England could try and cut inflation without rising interest rates The Bank of England has upped its base interest rate again today but are there any other ways it can tackle inflation? - The Mirror asked three financial experts to find out if there is anything else that could be done Daily Mirror · Jun 22, 2023
Trigger recession to tame inflation, say economists – as Bank set to hike interest rates ‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession The Independent UK · Jun 22, 2023
FTSE 100 Live: ‘Mortgage holders need to prepare for more pain ahead’ — Bank of England interest rates hit 5% Consumers are showing signs of resilience after figures today revealed retail sales rose in May. Evening Standard · Jun 22, 2023
Bank of England governor denies trying to trigger recession after hiking interest rates to 5% – as it happened Rolling coverage as the Bank of England lifts UK interest rates to a 15-year high, as it contnues to fight inflation The Guardian - UK · Jun 22, 2023
Londoners face £1,000 hike in monthly mortgage bills as BoE fights runaway inflation The average two-year rate continued to surge today, hitting 6.19% Evening Standard · Jun 22, 2023
Interest rates – live: UK ‘set for recession’ as under-fire bank chief attacks businesses Bank raises UK interest rate to 5 per cent from 4.5 per cent The Independent UK · Jun 22, 2023
Bank of England set to raise interest rates again as high inflation sticks Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon Evening Standard · Jun 22, 2023
‘This is ruining people’s lives’: homeowners hit by UK mortgage crisis speak out Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homes The Guardian - UK · Jun 22, 2023
Rishi Sunak says he feels ‘deep moral responsibility’ to cut inflation Prime minister to say it is imperative he ‘hold his nerve’ in commitment to half inflation The Independent UK · Jun 21, 2023
Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’ Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers The Guardian - UK · Jun 21, 2023
Dollar Falls Despite Powell’s Hawkish Bias The dollar index (DXY00 ) on Wednesday fell -0.46% on bearish technical sentiment, with the dollar index knocking on the door of last week’s 5-week low. The forex market remains focused on monetary policy differentials, with the ECB and Bank of England continuing to raise interest rates while the Fed... Barchart · Jun 21, 2023
StockNews.com · Jun 21, 2023 The Top 3 Growth Stocks to Add to Your Portfolio Today In the current market backdrop, where the Federal Reserve is expected to continue raising interest rates, investing in growth stocks can help weather the storm. Fundamentally sound growth stocks such as Expedia Group (EXPE), Extreme Networks (EXTR), and FutureFuel Corp. (FF) could be wise additions to your portfolio. Read on….
The Independent UK · Jun 21, 2023 Rishi Sunak warned of ‘serious shock’ for mortgage holders as Bank of England poised to raise interest rates Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates
Fortune · Jun 21, 2023 4 tips to avoid maxing out your credit card More than 30% of Americans would lean on a credit card to cover a financial emergency.
Barchart · Jun 21, 2023 Markets Doubt FOMC Will Follow Through on its Forecast for +50 bp Rate Hike Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...
Evening Standard · Jun 21, 2023 OPINION - Bank of England acted too late on inflation and now homeowners will pay This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…
Axios · Jun 21, 2023 Fed chair expects interest rates will increase "somewhat further" this year He is expected to tell lawmakers that there is still "a long way to go" to cool inflation.
Daily Record · Jun 21, 2023 Inflation hitting Scots hard as cost of food and fuel remain 'eye-wateringly high' Experts warned Scots face "a miserable summer" of high inflation and higher interest rates.
Evening Standard · Jun 21, 2023 Londoners and under-40s hardest hit by Britain’s mortgage rate mayhem (and don’t forget renters) Inflation refuses to budge as under-40s, renters and London homeowners feel the pain
Daily Mirror · Jun 21, 2023 Interest rate hikes could see 1.4million Brits lose 20% of disposable income The Bank of England is expected to raise the base rate - which influences interest rates lenders charge for mortgages, loans and other types of credit - again tomorrow in an effort to curb inflation
Evening Standard · Jun 21, 2023 London house market faces ‘slowdown’ as Bank of England risks overdoing rate rises says Berkeley boss Rob Perrins, one of the longest-serving CEOs on the FTSE 100, does not expect house prices to fall
Evening Standard · Jun 21, 2023 Bank of England could spring interest rate ‘jumbo hike’ today amid wage-price spiral fears With inflation stuck at 8.7%, economists said a jump straight to 5% interest rates might be needed