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LondonIsFallingDown

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About LondonIsFallingDown

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  1. Something seems to have triggered action from the Czech Republic as it abandons its currency cap versus the Euro http://www.zerohedge.com/news/2017-04-06/czech-central-bank-ends-currency-cap-floats-koruna
  2. So they put in housing costs and come to the same answer of 2.3% as CPI and CPIH give the same number! I do hope there will be some analysis of this around......
  3. Apparently she is staying for a while. Perhaps they hope we will forget her lies and she can stay at the Bank of England
  4. Has Charlotte Hogg actually gone or is she voting today at the Bank of England?
  5. Thanks for the link and this bit does seem to cover what the Financial Times had written
  6. All of these moves were house price favourable but there was another subsidy provided for the banks that as ever was badged as being for small business lending but was in fact likely to find its way into the housing market. This is the Term Funding Scheme. The Term Funding Scheme (TFS) is designed to reinforce the transmission of Bank Rate cuts to those interest rates actually faced by households and businesses by providing term funding to banks at rates close to Bank Rate So far it has provided some £31.37 billion of cheap funding to UK banks, which no doubt will in a “surprise” find its way to the housing market. Can foreign buyers rescue it one more time? I am not so sure as I have pointed out before although the fact that Bitcoin has been rallying again ( US $977 as I type this) means that money is back flowing out of China. The first time buyer house price to earnings ratio in London has dipped slightly but to a rather extraordinary 10.1. The number for the whole country at 5.3 is just below the all time high of 5.4 which came of course just before the credit crunch hit. ' Mark Carney has a lot to answer for but no doubt his ex-colleagues at Goldman Sachs will give him support.
  7. Interesting as I remember the Financial Times publishing what was in effect the Savills house view only a couple of months ago. " Rents in Britain will rise steeply during the next five years as a government campaign against buy-to-let investing constrains supply, estate agencies have forecast. " Back on November 3rd I think.
  8. Have others seen the inflation data from Spain earlier. It has risen to 3%!
  9. I saw a mention on Twiiter that RPIX has risen to 2.7%
  10. I see that Italy has been downgraded tonight by the DBRS agency.
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