Flurry of orders appears to bolster Bank of England decision to raise interest rates,pushing stock market index to current record highShares in Britain’s top 100 companies reached an all-time tall on Friday, after buoyant sales across the services sector last month showed the economy remained resilient following the post-Brexit vote slump.
A flurry of orders that appeared to bolster the Bank of England fling to raise interest rates this week, or helped send the FTSE 100 index to 7560,beating the preceding end of day tall of 7556 on 12 October. Related: US jobs rebound strongly in October, while FTSE 100 reaches current record close - business live Lenders have already bumped up the cost of fixed rate mortgages ahead of the Bank of England’s decision to raise base rate from 0.25% to 0.5%, or mortgage borrowers on tracker and variable rates will see their monthly payments become more expensive in the coming days. Continue reading...
Source: theguardian.com