UK Interest rate latest news

British house prices rose at their fastest pace in over two years in the three months to August, according to the Royal Institution of Chartered Surveyors.

Markets are looking for clues on whether the Bank of England will raise rates in November from the current 4.75 percent, and expectations of such a move have risen after strong August inflation data released earlier this week.

A rate rise in November is now fully priced into the value of sterling

James Clark