William Hill have a market up on when ‘Will the Bank Of England Base Rate next rise from its current (August 2016) rate of 0.25%?’ I’m not an economist, so this piece should be viewed in that spirit, but my hunch is to go for the first half of 2017.

My rationale is that many felt Mark Carney’s decision to cut interest rates was a mistake, especially in light of his remarks prior to June 23rd which indicated Brexit would lead to a rise in interest rates, additionally, Chair of the US Federal Reserve, saying last week the case for a rate rise has strengthened.

With Article 50 expected to be triggered early in the new year and our post Brexit landscape being clarified next year, that might also impact on the economy, and it should be remembered the economic mood was indicating a slowing economy well before Le Royaume-Uni voted to leave the European Union.

TSE