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UK mortgage borrowers are in for a nasty shock from soaring rates

Por: CNN Business September 27, 2022

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London CNN Business  —  Millions of mortgage borrowers in the are bracing themselves for huge hikes to their monthly payments as a consequence of the run on the pound. Markets have been in turmoil since UK finance minister Kwasi Kwarteng announced on Friday, together with a big rise in government borrowing, sending the pound falling to a record low against the US dollar. Some analysts now expect the Bank of England to hike the to 6% next... + full article



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