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I Told You So

Interest Rates Us And Uk

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LONDON, Sept 2 (Reuters) - UK gilt futures and short

sterling interest rate futures extended losses across the strip

on Friday after upward revisions to U.S. jobs data for June and

July.

U.S. Labor Department figures showed 169,000 new jobs were

added in August, lower than the 190,000 forecast by analysts,

but the prior two months showed a net 44,000 upward revision.

The unemployment rate fell to 4.9 percent, against the 5.0

percent forecast by economists.

Back month short sterling contracts were as much as seven

ticks lower and long gilt futures fell over a third of a point

after the data.

Just in case there were still any jokers left who think rates will fall, this probably makes depressing reading. :D

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LONDON, Sept 2 (Reuters) - UK gilt futures and short

sterling interest rate futures extended losses across the strip

on Friday after upward revisions to U.S. jobs data for June and

July.

U.S. Labor Department figures showed 169,000 new jobs were

added in August, lower than the 190,000 forecast by analysts,

but the prior two months showed a net 44,000 upward revision.

The unemployment rate fell to 4.9 percent, against the 5.0

percent forecast by economists.

Back month short sterling contracts were as much as seven

ticks lower and long gilt futures fell over a third of a point

after the data.

Just in case there were still any jokers left who think rates will fall, this probably makes depressing reading. :D

Have you read the newstories about some heavy rain and high winds in the Gulf of Mexico recently?

Get some perspective you ignoramus.

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Ah me old mate Steve.

Have you got a problem with me personally or are you still over exposed to the property market?

And if the New Orleans hurricane was such a huge threat to the US economy dont you think the Dow would have collapsed by now.

Back at you ignoramus.

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Ah me old mate Steve.

Have you got a problem with me personally or are you still over exposed to the property market?

And if the New Orleans hurricane was such a huge threat to the US economy dont you think the Dow would have collapsed by now.

Back at you ignoramus.

No problem with you personally.

Since I joined this site in January I've seen post after post stating categorically that interest rates will rise. All we've seen is 1 change - a fall.

I have no exposure at all to the property market - I've STR'd so I'd actually love rates to increase. The sooner the better as far as I'm concerned. But wishful thinking is as dangerous as ignorance in my book.

I think the scale and complexity of the unfolding disaster is still being assessed. Plenty of signs that US GDP will be significantly down as a result.

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Another key question on interest rates is “are they expected to stay low relative to pre-1992 levels?”, and if so this may invalidate the estimates of where a sustainable price-to-earnings ratio should be, i.e. move it up, reduce the estimates of the current overvaluation, and hence lead to a smaller expected fall in prices, etc. …

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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