Interest Rates To Rise???

The prospect of further rate cuts this year have gone and there are likely to be two or even three quarter percent rises in interest rates this year, the City is gambling.

Having made three interest rate cuts since December, the Bank of England's efforts have been hit by rising oil costs, putting inflation up. Investors are now gambling on the prospect of rather than interest rates dropping to 4.5%, the base rate might be increased to 5.5%, or higher.