Amidst the commotion related to NatWest, Wall Street is gearing up for a significant day.
The Bank of England will raise interest rates three more times this year
According to economists, the Bank of England is predicted to increase interest rates three additional times this year, due to ongoing high inflation.
Share Talk Expected Market Updates For The Week Ahead, 24th – 28th July 2023
The upcoming week promises to be quite eventful, featuring reporting from five of the FTSE 100’s top ten, as well as four of the major US tech conglomerates. In addition,
UK inflation data will be in focus in the coming week
The upcoming week will place a spotlight on the UK’s inflation figures, after the previous month witnessed a surge in core prices, hitting a peak unseen for 31 years.
The Bank of England has issued a warning, 650,000 households at risk of mortgage default
The Bank of England has issued a warning that by the close of the current year, approximately 650,000 families could be on the brink of defaulting on their mortgage payments,
The city increases its wager on a potential interest rate hike next month.
City analysts anticipate that the Bank of England will raise interest rates by half a percentage point for the second time in a row at its upcoming meeting, following data
The pound has hit its highest level since April 2022
The pound has reached its highest point since April of the previous year, as the Bank of England seems ready to hike interest rates beyond those of the US Federal
Traders anticipate that the Bank of England will increase rates to 5.75pc.
Traders speculate that by year-end, the Bank of England will hike interest rates to 5.75pc in response to record-breaking wage growth outside of the pandemic period.
According to an economist, the Bank of England will not reduce interest rates until 2025.
Chief UK Economist at Oxford Economics, Andrew Goodwin, anticipates that the Bank of England may postpone the expected interest rate cuts until 2025.
Almost 800 mortgage offers have been withdrawn as banks anticipate further increases in interest rates.
In the face of apprehensions regarding rising interest rates, nearly 800 mortgage deals have been withdrawn from the market.
The Bank of England is the laughing stock of the financial world
Andrew Bailey has begged workers not to ask for pay rises and companies not to increase prices. He’s living in a dream world.