AJ Bell Money & Markets Oil shock: the impact on your money, mortgage and next holiday
4 snips
Mar 20, 2026 Jonathan Guthrie, ex-Financial Times Lex chief and author of The Truth About Investing, drops by to talk investing narratives and market behaviour. He discusses why panic is costly and how to navigate market wobble. Conversation also covers the oil-driven squeeze on travel and carmakers, shifting mortgage deal availability, and last-minute tax-year planning.
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Expect Patience From Central Banks
- Don't expect immediate rate cuts; central banks are likely to 'sit on their hands' and watch whether higher oil-driven prices are transitory or persistent.
- Watch jobs and consumer confidence data because central banks will act on sustained inflationary pressure, not headlines.
Lock In A Fixed Mortgage Early
- Shop for a fixed-rate mortgage early because swap-rate-driven fixed deals have risen and sub-4% fixed deals have mostly disappeared.
- Existing borrowers can secure a deal up to six months ahead, potentially saving hundreds on monthly repayments.
Inflation Basket Now Includes Hummus And Dash Cams
- The ONS updated the inflation basket to reflect shifting consumption: additions include alcohol-free beer, hummus and dash cams, while single sheets of wrapping paper were removed.
- Changes reflect scanning supermarket tills and lifestyle shifts like no/low alcohol uptake and pandemic-driven pet spending.
