The FTSE 100 took a hit of 2.1% to 7,317.5 at close of trading on Friday, after US inflation was revealed to have surged to a 40-year high of 8.6% in May this year. Global equity markets sank, with the NASDAQ down 3.1% to 11,390.1, the Dow sliding 2% to 15,155.4, the German DAX falling […]

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The Bank of England (BoE) raised its interest rates to 1% on Thursday. What does the future hold for Lloyds share price as interest rates increase? Lloyds is the largest mortgage lender in the United Kingdom and Lloyds share price has been erratic since the Bank of England decided to raise interest rates to combat […]

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The Bank of England announced a 0.25% hike in interest rates to 1%, the highest rate in 13 years. The Bank of England’s nine rate-setters voted six against three to raise interest rates to the projected 1% expected by the market, as a result of 30-year high rates of inflation sweeping the UK. The three […]

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New data from the Bank of England suggests that the housing market is bouncing back after lockdown. UK mortgage approvals jumped to 66,300 in July – up from May’s low 9,000 in May and June’s 40,000. Figures are still lower than February’s 74,000, however, remain strong and are higher than the expected 55,000 approvals expected […]

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