Invesco Perpetual's co-head of fixed interest Paul Read has said he expects the UK's base rate to rise in the first quarter of next year, in contrast to the forecast of his former colleague Neil Woodford.
Read (pictured) noted money markets are pricing in a hike later this year, while commentators expect a move early in 2015. "I think it is hard to argue against the idea there will be one hike before...
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