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V I Ramping May Push I R Up In U K Soon

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Hometrack said demand had surged by 50 per cent in London over the past three months, while homes for sale grew by just 14 per cent. It said the national price increase was driven by rises in just over a third of postcodes. Mr Donnell said it was an early sign that activity might slow in the run-up to the summer.
Ben Broadbent, UK economist at
Goldman Sachs, said: "We continue to think the next move in rates will be up
and would not discount the chances of a minority vote for a hike - or at least the case for one appearing in the MPC minutes - over the next three months."
Money markets are pricing in a hike this year
and last week the National Institute of Economic and Social Research urged the Bank to raise rates in a pre-emptive move to curb inflation.

With the VIs ramping the market they may shoot themselves in the foot. A 50% surge in demand is unprecedented and has never been matched with the sharpest surge ever recorded in Tokyo in September 1978 when the surge was 38%. <_<

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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