mortgage increase Archives - Philip J Milton & Company Plc

Interest rates and investment trusts

Philip J Milton & Company Plc — Fri, 27 Sep 2024 10:40:28 +0000

So the Fed has cut interest rates by a large 0.5%, helping to push Sterling to its highest against the Dollar and Euro since April 2022 (that’s a 23% gain on the Dollar since September 2022 – or a 23% loss on your unhedged US shares and bonds of course). If the Pound retains its […]

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Interest rates remain static – will this affect you?

Philip J Milton & Company Plc — Wed, 25 Sep 2024 12:18:30 +0000

Interest rates are set to remain at 5% until after the Government’s Budget at the end of October. The Bank of England confirmed on Thursday (September 19) the rate would remain static, with inflation remaining stubbornly at 2.2% and above the ‘magic’ 2% target. At its latest meeting, the bank’s Monetary Policy Committee (MPC) voted […]

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Rising interest rates – act now if you need a new deal

Philip J Milton & Company Plc — Wed, 28 Jun 2023 12:20:31 +0000

As was widely predicted, the Bank of England (BoE) raised interest rates by half a percentage point to 5% on Thursday in its ongoing attempts to reduce inflation, which now stands at 8.7% after not dropping as expected. While the CPI (consumer price index) for inflation dropped into single figures in April, it has stayed […]

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