Sterling rallies against Euro and ...
07 January 2009, 11:48 PM
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Sterling rallies against Euro and ...
..... interest rates expected to be the lowest ever in history tomorrow!!!
"The pound has risen to its highest level against the euro for three weeks, ahead of the Bank of England's interest rates announcement on Thursday.
The euro fell 0.5% against the pound to close at 90.1 pence, well below its recent high of 98.04 pence.
"There's been a change in sentiment for sterling," said Neil Jones, at Mizuho Corporate Bank in London.
UK rates are expected to be cut by 0.5 percentage points to 1.5%, their lowest in the Bank of England's history"
Source:- BBC
I blame the damned Government for all this amazingly good news!!!
"The pound has risen to its highest level against the euro for three weeks, ahead of the Bank of England's interest rates announcement on Thursday.
The euro fell 0.5% against the pound to close at 90.1 pence, well below its recent high of 98.04 pence.
"There's been a change in sentiment for sterling," said Neil Jones, at Mizuho Corporate Bank in London.
UK rates are expected to be cut by 0.5 percentage points to 1.5%, their lowest in the Bank of England's history"
Source:- BBC
I blame the damned Government for all this amazingly good news!!!
08 January 2009, 10:52 AM
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08 January 2009, 10:59 AM
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..... interest rates expected to be the lowest ever in history tomorrow!!!
"The pound has risen to its highest level against the euro for three weeks, ahead of the Bank of England's interest rates announcement on Thursday.
The euro fell 0.5% against the pound to close at 90.1 pence, well below its recent high of 98.04 pence.
"There's been a change in sentiment for sterling," said Neil Jones, at Mizuho Corporate Bank in London.
UK rates are expected to be cut by 0.5 percentage points to 1.5%, their lowest in the Bank of England's history"
Source:- BBC
I blame the damned Government for all this amazingly good news!!!
"The pound has risen to its highest level against the euro for three weeks, ahead of the Bank of England's interest rates announcement on Thursday.
The euro fell 0.5% against the pound to close at 90.1 pence, well below its recent high of 98.04 pence.
"There's been a change in sentiment for sterling," said Neil Jones, at Mizuho Corporate Bank in London.
UK rates are expected to be cut by 0.5 percentage points to 1.5%, their lowest in the Bank of England's history"
Source:- BBC
I blame the damned Government for all this amazingly good news!!!
<<<<<< runs out to get a 125% mortgage >>>>>>>>>>
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08 January 2009, 11:01 AM
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..... interest rates expected to be the lowest ever in history tomorrow!!!
"The pound has risen to its highest level against the euro for three weeks, ahead of the Bank of England's interest rates announcement on Thursday.
The euro fell 0.5% against the pound to close at 90.1 pence, well below its recent high of 98.04 pence.
"There's been a change in sentiment for sterling," said Neil Jones, at Mizuho Corporate Bank in London.
UK rates are expected to be cut by 0.5 percentage points to 1.5%, their lowest in the Bank of England's history"
Source:- BBC
I blame the damned Government for all this amazingly good news!!!
"The pound has risen to its highest level against the euro for three weeks, ahead of the Bank of England's interest rates announcement on Thursday.
The euro fell 0.5% against the pound to close at 90.1 pence, well below its recent high of 98.04 pence.
"There's been a change in sentiment for sterling," said Neil Jones, at Mizuho Corporate Bank in London.
UK rates are expected to be cut by 0.5 percentage points to 1.5%, their lowest in the Bank of England's history"
Source:- BBC
I blame the damned Government for all this amazingly good news!!!
Come on Pete, your better than this.
08 January 2009, 11:12 AM
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As I have said, these businesses were working on borrowed money to pay for stock, wages etc. Once the banks stopped lending, it was bye bye business.
08 January 2009, 11:20 AM
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08 January 2009, 12:41 PM
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Well, rates have dropped as predicted .....
Exporting companies are able to under-cut the competition, due to the weak pound.
The biggest losers in all this are the savers ... rates drop for them, but not for borrowers. We can only hope that inflation drops to 1% or under, then a 2% return on savings is still OK.
Exporting companies are able to under-cut the competition, due to the weak pound.
The biggest losers in all this are the savers ... rates drop for them, but not for borrowers. We can only hope that inflation drops to 1% or under, then a 2% return on savings is still OK.
08 January 2009, 12:50 PM
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1% year on year maybe, but i reckon December's RPI data, due out on 20th Jan, will show a hefty -ve reading, possibly as low as -1.5%, making anything you're actually earning in any savings account look an absolute steal.
08 January 2009, 01:01 PM
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Well, rates have dropped as predicted .....
Exporting companies are able to under-cut the competition, due to the weak pound.
The biggest losers in all this are the savers ... rates drop for them, but not for borrowers. We can only hope that inflation drops to 1% or under, then a 2% return on savings is still OK.
Exporting companies are able to under-cut the competition, due to the weak pound.
The biggest losers in all this are the savers ... rates drop for them, but not for borrowers. We can only hope that inflation drops to 1% or under, then a 2% return on savings is still OK.
BBC NEWS | Business | Market Data | Currencies | Sterling v US Dollar
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