In today’s Tip TV Finance Show, we discuss BoE, the GBP selloff, UK inflation, and why house builders can be a good investing bet, with Russell Lynch, Deputy City Editor at Evening Standard,
Highlights:
“We may see a wobble in equities.”
“UK Inflation report is going to show weakness on both front. GBP sell-off could push up inflation. UK inflation could spike to 5%.
“Fed is hiking rates and we are reducing so there is only one way Pound could go down.”
“People still need houses and just because we voted out the demand isn’t going to go out. Currently we are seeing the summer lull.”
“I would buy housebuilders as there is still structural shortage of houses, mortgages are not going to rise.”