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London Finance Show: ‘Rate rise nailed on but look out for comments’

Tim Harrison, head of wealth management at Linear Investments, tells the London Finance Show that Mark Carney and the Bank of England will almost certainly hike rates and that focus should be on the subsequent commentary from the bank.

“It will be interesting to see what comments are made as to any sort of guidance for the future,” says Harrison.

“A lot of pundits are suggesting were going to see a number of rate rises over the next couple of years so it’ll be key to see if [Carney] alludes to anything more formative.”

Elsewhere, he discusses: the “basket case” that is Carillion PLC (LON:CLLN); sterling’s prospects post BoE meeting; RBC’s downgrade of Fevertree Drinks PLC (LON:FEVR); and Facebook Inc’s (NASDA:FB) third quarter results.

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