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Realistbear

Fitch Rate Uk Triple A--Highest Rating

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http://www.telegraph.co.uk/finance/economics/8381695/Fitch-says-UK-is-still-rated-a-triple-A-country.html

In a report on the UK, Fitch Ratings praised the "strong budgetary consolidation effort" undertaken by the Coalition and said the fiscal risks to the country were declining.
"The affirmation reflects that the UK's 'AAA' ratings remain underpinned by its high value-added, wealthy and flexible economy; strong financial flexibility underpinned by a deep government bond market and the British pound's continuing status as a 'reserve currency', as well as political and social stability," wrote Fitch analysts.

There is no elephant just an imaginary one.

Uk has now replaced the US as the world's safe haven with Sterling to be the new reserve currency. Good thing they haven't noticed the achilles heel yet (house prices).

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http://www.bloomberg.com/news/2011-03-15/pound-weakens-before-housing-report-on-japan-nuclear-concern-gilts-rise.html

U.K. Gilts Rise, Pound Drops as Japanese Nuclear Disaster Concern Spreads
U.K. bonds rose and the pound weakened as Japanese Prime Minister Naoto Kan said the danger of further radiation leaks from a crippled nuclear plant is increasing, driving demand for the safest assets.
Ten-year gilt yields reached the lowest in more than two months as stocks sank in Asia and Europe. The Japanese government said it’s doing its utmost to contain the radioactive leak at Tokyo Electric Power Co.’s Fukushima Dai-Ichi plant following last week’s earthquake and tsunami..../
U.K. house prices likely rose 2.3 percent in January from a year earlier, according to the median estimate of four economists before publication of a government report at 9:30 a.m. today. That compares with a 3.8 percent increase in December, data from the Department for Communities and Local Government shows.

YoY surely must be negative? Interesting that £ is down.

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There is no elephant just an imaginary one.

They don't seem to view the housing market as a problem for some reason. Fundamentals and credit ratings are completely detached.

Uk has now replaced the US as the world's safe haven with Sterling to be the new reserve currency. Good thing they haven't noticed the achilles heel yet (house prices).

You having a laugh here? The olde 'safe haven' nonsense in back in play at the minute with the Japan crisis.

People are falling over themselves to buy Dollars - just in time for QE-3 no doubt.

With Japan out of the picture who the hell is going to buy the crappy US debt other than the FED?

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  • 284 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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