Inflation

90% chance of rate hike priced in

Andrew Milligan says while changes in central bank communications are bearing on markets, pricing is still rather dovish

LTA will rise to £1,030,000

Up from 2.6%

Hedging appetite fell during the second quarter of this year as a lack of index-linked gilt supply continued to bite, BMO Global Asset Management has said.

Unchanged from previous month

This week's top stories include work and pensions committee chairman Frank Field telling PP that more needs to be done to consolidate defined contribution pots.

Sterling fell in mid-morning trading on the announcement that UK inflation unexpectedly fell to 2.6% over the 12 months to June 2017, down from 2.9% in May.

Andrew Milligan says central banks are paying little attention to the impact of cyclical and structural changes in modern economies.

Political uncertainty following the shock election result will lead to more volatility in the pound which could feed inflation, according to investment experts.