RE: UK Inflation and Interest Rates20 Jun 2023 17:22
Boohoo did well to hold up today.
The Boohoo share price could have gone down a lot worse today, if it hadn't been for the REVB RNS yesterday.
The consensus is interest rates will go up by 0.25% on Thursday.
However, the worry is if UK inflation figures are worse than expected tomorrow then interest rates could go up by 0.5% on Thursday.
On th eplus side, Next did say in their recent update that wage increases were now showing through in people's buying hence why Next's share price went up.