Monday, March 27, 2006 

TimesOnline:US rate rise may spark sterling sell-off CURRENCY markets are steeling themselves for a threatened fall in the pound’s value against the dollar this week after warnings that a rare rise in American interest rates above Britain’s could trigger a sell-off in sterling. Tomorrow, the US Federal Reserve, under Ben Bernanke, its new Chairman, is set to order a fifteenth consecutive quarter-point increase in American interest rates, lifting these to 4.75 per cent, which is higher than the 4.5 per cent level of base rates in Britain.
posted by Johnny  @ 8:18 AM 26 comments


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