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MJBurrows
 
The midweek update — what's moved since Monday.
 
 

ISSUE Nº 32 · WEDNESDAY, 17 June 2026 · WEEK 30

 
 
Matthew Burrows, Editor
 
THE EDITOR
 
Matthew Burrows
 
Plain-English UK finance for the people it actually affects.
 
ABOUT MATTHEW  →   LATEST ARTICLES  →
 
 
THE MIDWEEK RUNDOWN
 
 
 

Peace Abroad, Squeeze at Home.

A shaky US-Iran peace finally took the heat out of oil this week — but it never reached British doorsteps. Interest Rates to Hold at 3.75% as Inflation Climbs cut through the Bank of England's hold, with inflation grinding back to 3% and two hawks already pushing for 4%. House Prices Post Biggest June Drop in 14 Years sifted a 0.6% slide to £376,191 — Rightmove blamed the World Cup; I'd watch mortgage rates. Nationwide's Mortgage Rate Cuts: Second in 7 Days homed in on two cuts in seven days as the deal pulled oil below $83. And How AI Scams Stole £1.3bn From Brits Last Year counted the cost of fraud now striking nearly eight times a minute.

Markets, by contrast, threw a party. Asian Stocks Roar Back From Last Week's Halt joined the dots on record highs — Tokyo's Nikkei past 69,600 and a 19.2% SpaceX debut — a week after an emergency trading halt. Rolls-Royce Shares Ride the Nuclear Renaissance crunched a near-4% pop to 1,353.60 after its reactor arm bagged Sweden's first new nuclear in over 40 years. Is Marvell Stock the Next $1 Trillion Giant? wrestled with Nvidia boss Jensen Huang's claim the chipmaker could hit $1tn, up from ~$200bn. Manchester United's Brand Lands Record Amazon Deal made sense of a record eight-figure All Or Nothing fee, trumping the £10m rivals banked. And PayPal Stock Trades at Just 7.6x Earnings tore into a fintech on 7.6x earnings with $6.4bn of cash flow — bargain, or value trap?

Peace broke out, markets cheered, and Britain still got the bill. The rest of the issue's below…

 

 
THE LEAD
 
 
 

A rate hold is supposed to be the boring option. This week’s isn’t. Interest rates today sit at 3.75%, and the Bank of England is set to keep them there on Thursday — but don’t mistake the pause for calm. Inflation is climbing back towards 3%, gilt markets still price a hike, and the committee itself is fracturing. Behind the steady headline number sits a hawkish split that tells you where rates are really heading. The Iran peace deal bought some breathing room; it didn’t end the argument.

Read the full story…

 

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THE STOCKS FEATURE
 
 
 

Here’s an oddity: one of the world’s biggest payment networks now trades like a sleepy water utility. PayPal (NASDAQ: PYPL) stock changes hands at just 7.6 times earnings — a price that says the market expects zero growth — yet the company throws off more than $6 billion (~£4.5bn) in cash a year and counts nearly 440 million active accounts. So is this a genuine bargain, or a value trap dressed up as one? The cheapness is real; so are the reasons for it.

Read the full story…

 

 
THE INVESTING FEATURE
 
 
 

Here’s the question that paralyses investors: should you wait for the next crash before investing in ETFs? With the S&P 500 up around 9% this year and sitting near record highs, the temptation to hold off feels sensible. But here’s the catch — trying to time the market usually costs you far more than the crash you’re dreading. The honest answer is rarely about the market at all. It’s about you.

Read the full story…

 

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THE PERSONAL FINANCE FEATURE
 
 
 

Almost £1.3bn — that’s how much UK scammers stole last year, and they are just getting started. Fraud now strikes nearly eight times a minute, and AI scams are pouring petrol on the fire, letting criminals clone voices, fake romances and target millions of people at once. But here’s the catch: you don’t have to be naive to fall for it. Here’s what’s driving the surge — and how to protect yourself.

Read the full story…

 

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MJBurrows
 
The MJBurrows Briefing — published every Monday, 8am London time.
Plain-English UK finance for the people it actually affects.
 
 
 
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