Market sees rates rising - papers 11 January

A marked shift in commentary occurred overnight following the Bank of England's Monetary Policy Committee decision not to lower interest rates further, as today talk is of future rate hikes for the first time since 2000. The Times says the first rate hikes could be seen within a month, something that UK industry is desperate to avoid. Industry would be unlikely to win the argument of the day, the paper says. "City economists argued that burgeoning consumer demand meant that borrowing costs would have to rise," it adds. The Times says the pound gained half a cent against t...