Share Talk Weekly Stock Market News, Sunday 19th December 2021

The Bank of England has raised interest rates to 0.25% with the potential of three more rate rises as well, in an effort to curb rampant inflation, which is at its highest point in over a decade (5.1%). The FTSE has risen over 0.2% today as retail sales figures for November were higher than expected, with sales at clothing stores higher than pre-pandemic figures.

 
Thankfully, there has been a sharp reversal of the rally for gas prices and European prices have plunged as much as 16pc after Russia made a last-minute decision to top up fuel supplies to the continent.


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Share Talk Weekly Stock Market News, Sunday 12th December 2021

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