Will more interest rate rises be bad news for investors - and which shares could do well?

An inflation panic has sent interest rate expectations soaring in the UK, even as the US Federal Reserve is tipped to stall.  Base rate is now forecast by some to climb as high as 6 per cent as the Bank of England battles stubborn inflation, rather than peak near its current level of 4.5 per cent. Rate expectations combined with rising gilt yields have sent shockwaves through the mortgage market, as lenders rapidly pull and reprice deals. The average two-year fixed rate mortgage has now hit 5.9 per cent. But while the mortgage market apple cart has been well and truly upset by much higher rate expectations, what does this mean for investors? On this episode of the Investing Show, Richard Hunter and Simon Lambert discuss what interest rates on both sides of the Atlantic may mean for investors and look at the shares that could do badly and those that could do well.