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Daily Market Brief July 12, 2023
12 July 2023: Borrowers facing a huge increase in repayments
Highlights Two-year fixed mortgage rate hits its highest level since the Financial Crisis Lower economic expectations still being confounded...
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Daily Market Brief July 11, 2023
11 July 2023: Mann believes that inflation has become embedded in the UK economy
Highlights UK firms are their most upbeat in ten months No trade deal yet, but Sunak and Biden agree...
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Daily Market Brief July 10, 2023
10 July 2023: Bailey plays down Brexit as a factor in inflationary pressures
Highlights No tax cuts before the election The job market is cooling but remains strong Lagarde wants rate to...
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Daily Market Brief July 7, 2023
7 July 2023: BoE Governor slams retailers for overcharging
Highlights Housing market is taking a hammering Rate hikes labelled a “silent killer” Data shows economy has fallen into...
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Daily Market Brief July 6, 2023
6 July 2023: 6%, the new normal for mortgage rates
Highlights Another week, another predicted high for interest rates FOMC reinforces rate hike expectations Producer prices turn negative GBP...
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Daily Market Brief July 5, 2023
5 July 2023: Five-year fixed rate mortgage rate averages above 6%
Highlights The UK is the only major economy where inflation is still rising Commercial real estate woes may reignite...
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Daily Market Brief July 4, 2023
4 July 2023: The fifty-basis point hike brought a recession closer
Highlights A change of emphasis at the MPC Yield curve inversion deepest since 1981 The IMF Chief economist sees...
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Daily Market Brief July 3, 2023
3 July 2023: Bank of England risking “over-tightening”
Highlights Investors fearing inflation becoming “ingrained” in the economy Labour market driving economy and inflation Energy prices bring headline...