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Rbs Chnage Mind And Call A .25% Hike In August

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Sterling jumps, UK CPI data spurs rate hike talk

Tue Jul 18, 2006 2:58 PM BST7

LONDON, July 18 (Reuters) - Sterling jumped half a percent to a four-week high against the euro on Tuesday after stronger-than-expected British inflation data raised expectations the Bank of England might lift interest rates this year.
Consumer prices rose 2.5 percent on the year in June, the strongest since September 2005, propelled higher by a record increase in utility bills.
The data led investment bank RBS to change its rate view to predict a rise in UK interest rates to 4.75 percent in August from the current 4.5 percent.
"Sterling bounced higher on that data, which came in higher than expected, because it increases expectations that BoE could boost interest rates in order to stem inflationary pressures," said Geraldine Concagh, economist at AIB Group Treasury in Dublin.

With the recent news that BTL yields were at a 4 year low that particular market needs hike in IR like a long prickly spike up the a%$e.

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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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