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gruffydd

Higher Interest Rates On Their Way

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http://www.iii.co.uk/news/?type=afxnews&ar...&action=article

"CHICAGO (AFX) - The euro scored a two-week high against the dollar Thursday after European Central Bank President Jean-Claude Trichet turned up the inflation language, raising speculation that higher interest rates for the region may be in the offing.

Trichet, while stressing that interest rates are appropriate at current levels, did say that he and his colleagues discussed a rate hike."

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The thing that a lot of people in the UK fail to understand is that when IRs are low, the greatest scope for them to move is upwards. Obviously the 2% in the EU at present is a fair bit lower than ours but even at 4.5% I think there is significantly more upside than down. To anyone having borrowed at 2%, a move to even 3% would be a major change.

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The thing that a lot of people in the UK fail to understand is that when IRs are low, the greatest scope for them to move is upwards. Obviously the 2% in the EU at present is a fair bit lower than ours but even at 4.5% I think there is significantly more upside than down. To anyone having borrowed at 2%, a move to even 3% would be a major change.

Pity Dublin.

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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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