The Financial Outlook for Personal Investors: US & UK interest rate rises & the latest from Sainsbury's

Richard Hunter, head of markets at Interactive Investor, updates Simon Rose on the latest 0.75% interest rate rises from the US Fed and the Bank of England's Monetary Policy Committee. As he explains, markets have reacted badly, more in response to the statements about the future, than to the rises themselves. He assesses Sainsbury's half-year numbers which show just how difficult times are for the supermarkets, with the discounters becoming ever more of a problem. Although the shares reacted positively, it is after a decline of around 30% over the last year.