Inflation in the UK is at the highest point since March 2012. The pound is historically week even after the Brexit vote. Oil prices are high. Analysts say inflation will be over by October but the authors say it will continue through winter 2018 due to forces behind the energy markets. Rises in GBP and UK bond yields will impact rates with one analyst predicting a peak of 3.1%. This will have a negative impact on investors.
Read more: UK inflation above 3% will force Bank of England to raise rates again