Do rising interest rates spell dark days ahead for our portfolios?

Rising interest rates impact on every part of our financial lives, from mortgages to credit cards to business loans. Our investments are no exception.

And with the Bank of England widely expected to raise Bank Rate (yet) again on Thursday, we’re all continuing to get a personal taste as to how painful that impact can be.

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Escalating interest rates are widely thought to be bad news for stocks and bonds. Is this true? And if so, how grim can things get?
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