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FROM OTHER NEWS SITES

DAILY TELEGRAPH
University maths 'too difficult' for British students - Thu, 09 Feb 2012 23:52:30 GMT

University maths 'too difficult' for British students - Fri, 10 Feb 2012 00:01:11 GMT
Britain's Amir Khan lands Lamont Peterson rematch for IBF and WBA belts in Las Vegas in May - Thu, 09 Feb 2012 23:52:30 GMT
Bank of England injects £50bn into economy - Thu, 09 Feb 2012 22:55:55 GMT
Villagers told move your cars so traveller's caravan can be towed onto 'illegal' site - Thu, 09 Feb 2012 22:36:53 GMT
Painter and decorator shares £45m lottery jackpot - Thu, 09 Feb 2012 22:29:05 GMT
People should be able to launch joint legal actions against rip-off corporate giants, under Labour plans - Thu, 09 Feb 2012 22:00:58 GMT

FINANCIAL TIMES
Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT

Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
Germans concerned over Draghi liquidity offer - Thu, 09 Feb 2012 18:58:47 GMT
Citigroup takes $50m loss in Libor probe - Thu, 09 Feb 2012 20:22:41 GMT
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Delay to Greece deal damps Asian markets - Fri, 10 Feb 2012 03:35:15 GMT
Google plans deeper push on home entertainment - Thu, 09 Feb 2012 23:57:07 GMT

BBC NEWS
BBC News - Business - Fri, 10 Feb 2012 03:42:56 GMT

BBC News - Business - Fri, 10 Feb 2012 01:09:35 GMT
Greece given tough bailout terms - Fri, 10 Feb 2012 03:42:56 GMT
China's exports and imports fall - Fri, 10 Feb 2012 03:54:04 GMT
Shock loss for India's Tata Steel - Thu, 09 Feb 2012 18:48:09 GMT
Bank injects £50bn into economy - Fri, 10 Feb 2012 00:00:23 GMT
Redknapp trial cost £1.3m so far - Thu, 09 Feb 2012 23:17:40 GMT
LinkedIn profits send shares up - Thu, 09 Feb 2012 21:50:52 GMT
 
 

Fixed rates to go up says John Charcol

As the LIBOR rate hits 6%, its highest rate since April, John Charcol is predicting that rates will increase by about 0.25% this week.

22 September, 2008

Three month Libor only went up 0.02% on Friday and so the rate of increase has slowed dramatically, but the rate is now up to 6%, a rise of 0.3% on the week.

Two to five year gilt yields were up on Friday by a whopping 0.22% and swap rates are likely to have gone up by a similar amount. This would take 2 year swaps up to about 5.7%, a rise of 0.33 % on the week and 0.5% up from last Monday's closing rates.

Therefore expect a raft of increases, probably of around 0.25%, in the cost of fixed rate mortgages next week and smaller rises in tracker rates.


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