Wednesday, Nov 29, 2006
Pounds up, interest rates up, job down, house price...
bloomberg.com: Pound Set for Longest Winning Run in Four Years on Rate Outlook
The pound is headed for its longest winning run against the dollar in more than four years on expectations the Bank of England will keep lifting interest rates into next year. . Investors and analysts are now expecting the pound to touch the milestone of $2, which was last reached in 1992. Deja vue?
Posted by anytime @ 02:01 PM (29 views) Add Comment
6 Comments
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1. paul said...
This was evidently written before the USD started it slide in earnest today, and the pound followed. Relative to each other the pound has gained, yes but only because the downward curve of the dollar is steeper.
2. Nohpc said...
It is amazing the pound is so strong with interest rates so low. Look how high interest rates had to go last time to have the same effect! This is very encouraging and shows that rates are at or very near to their peak.
3. European-bear said...
Overvalued pound exacerbated the last recession....
4. Madfracker said...
Yeah interest rates will have to fall at some point, because no one will buy our services, too expensive!!! However this is not good news at all. Interest rates are already low. So it looks as if the depression is on, as long as the dollar keeps falling and the pound keeps going up.
This will mean that the BOE will keep droping rates, just like in US. Poor old Benanke will have to drop money out of the sky! Ha hahahahahahahahaah. Oh well we all knew it was amatter of time, before the whole market went bang!
5. Disciple said...
Yeah interest rates will have to fall at some point, because no one will buy our services, too expensive!!! However this is not good news at all. Interest rates are already low. So it looks as if the depression is on, as long as the dollar keeps falling and the pound keeps going up.
This will mean that the BOE will keep droping rates, just like in US. Poor old Benanke will have to drop money out of the sky! Ha hahahahahahahahaah. Oh well we all knew it was amatter of time, before the whole market went bang!
6. Swftnick said...
try reading comment above your own