The five lenders that constitute most of the mortgage lending market independently raised the rates at which they priced new loans yesterday.NatWest, Barclays, Accord, Leeds Building Society and HSBC, each cited the uncertainty surrounding the amount by which interest rates will be cut later this year.Medium and long-term interest rates have risen over the past few weeks as consumer price inflation in both the U.S. and UK, is due to the “stickiness” of consumer price inflation.The rises were insignificant, but the message they sent was more meaningful.Some economists believe that the Bank of England may not feel sufficiently confident about the path of price increases to cut rates before November. This is despite Andrew Bailey confirming recently that the Monetary Policy Committee does not have to wait until inflation reaches its 2% target for cuts to begin.Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.