MM117: Bank of England shocks markets & 5 useful tips if you don't have an internship this summer
Market Maker
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The Mortgage Cliff Edge
The average two-year fixed rate mortgage deal has now risen to above 6%. Interest rates were risen by a larger amount than expected 50 basis points this week. Around 9 million outstanding residential mortgages, 800,000 are due to come off fixed rate deals in the second half of this year. The UK government quite rightly, I think, are sitting on the sidelines.
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