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Swelling energy bills propel inflation to 4.2 per cent, more than double Bank of England’s target

Inflation scaled to 4.2 per cent in October, up sharply from 3.1 per cent in the previous month, according to the Office for National Statistics (ONS).

https://www.cityam.com/swelling-energy-bills-propels-inflation-to-more-than-double-bank-of-englands-target/

LONDON, Nov 17 (Reuters) - British inflation surged to a 10-year high last month as household energy bills rocketed, according to data on Wednesday that will bolster expectations that the Bank of England will raise interest rates next month.

Consumer prices rose by 4.2% in annual terms in October, leaping from a 3.1% increase in September. Both the BoE and a Reuters poll of economists - none of whom had predicted such a big increase - had pointed to a reading of 3.9%.

https://www.reuters.com/world/uk/british-inflation-surges-again-hits-42-2021-11-17/

Lti
"Needs cooling BIG time"

Massive shortage of houses is driving the price hikes, fewer homes being built and an ever increasing population driving the housing market

Top economists expect inflation figures due tomorrow will mark the final reading before a pre-Christmas interest rate rise.

Analysts believe the inflation rate will come in at 3.9 per cent for October, above the 3.1 per cent recorded in September, and far outstripping the Bank of England’s 2 per cent target.

https://www.thisismoney.co.uk/money/markets/article-10207023/BUSINESS-LIVE-Bailey-clears-Christmas-rate-hike.html

Rates rise 0.15% to 0.25% this will help Lloyds net interest income by about £225m in the first year, £300m in the second year and £425m in year three. Profits leads to growth in share price

Sterling is up 1.35, with the latest jobs data adding to the belief that the BoE might bite the bullet and raise interest rates in December after failing to do so this month.
If rates rise by 0.15% to 0.25% this is great news for Lloyds. That’s because higher interest rates allow banks to earn a larger spread between the rates they charge to lend money and the rates they offer to borrow money. A larger spread generally leads to greater profits

Brits in work swells 0.6 per cent to over 29m

https://www.cityam.com/jobs-market-turbulence-after-furlough-fails-to-rear-its-head/

LONDON, Nov 16 (Reuters) - British employers added more workers to their payrolls in October after the government's job-protecting furlough scheme ended, potentially easing the lingering concerns at the Bank of England about the risks of raising interest rates.

Sterling rose as data showed the number of employees on company payrolls rose by 160,000 to 29.3 million employees last month and the unemployment rate in the third quarter fell by more than expected.

The Bank of England, weighing up when to raise interest rates, is watching closely for how the labour market holds up after the scheme expired, with an estimated 1.1 million people still on it in its final days.

https://www.reuters.com/world/uk/uk-payrolled-employment-rises-again-unemployment-rate-down-2021-11-16/

Financial markets currently price in a near 100% chance that the BoE will price in a rise in rates to 0.25% from 0.1% in December.

https://www.reuters.com/world/uk/boes-bailey-says-he-is-very-uneasy-about-inflation-2021-11-15/

https://www.proactiveinvestors.co.uk/companies/news/966281/uk-banks-offer-up-to-47-share-price-upside-potential-says-broker-966281.html

Bank of England considering easing mortgage rules in move that could boost house prices

https://www.thisismoney.co.uk/money/markets/article-10198781/Bank-England-considering-easing-mortgage-rules.html

https://www.google.com/amp/s/m.economictimes.com/markets/commodities/silver-may-set-the-new-gold-standard-for-your-portfolio-heres-why/amp_articleshow/87710681.cms

https://capital.com/iron-ore-prices-buckle-on-subdued-chinese-demand

https://capital.com/iron-ore-prices-buckle-on-subdued-chinese-demand

https://twitter.com/i/broadcasts/1yoJMWdkdYRKQ?t=NoMdYTmyKhbGIp3254Ue2Q&s=03

Austria introduces lockdown for unvaccinated

https://www.google.com/amp/s/www.bbc.co.uk/news/world-europe-59283128.amp

UK Business Confidence Falls Amid Record-High Inflation Expectations, Accenture/ IHS Markit UK Business Outlook Finds

https://www.markiteconomics.com/Public/Home/PressRelease/74909f24868e444ea9118f411106e4b5

Skindle
This is money called it wright last Sunday tipping IAG partnership with Velocy, the stock shot up 135% in 5 days no one mentioned on the forum

The parent company of British Airways could tap shareholders for more cash early next year, an aviation industry expert has predicted

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10198705/amp/British-Airways-owner-IAG-tipped-ask-shareholders-cash.html

Bank of England to receive fresh headache over interest rates next week as cost of living spirals

https://www.thisismoney.co.uk/money/markets/article-10196163/Spiralling-inflation-fuels-rate-hike-fears-Bank-England.html