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The Masked Tulip

Us And Euro Rate Hikes Will Threaten Sterling

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IMMINENT rises in interest rates in Europe and America could leave the pound exposed to selling pressure, analysts say. If the pound falls too far, it could scupper hopes of rate cuts in Britain.
“Sterling is one of the most vulnerable of the major currencies,” said John Butler, an economist with HSBC. “It has fallen and has further to go. We think it will depreciate by 8% against the euro over the next year.”

http://www.timesonline.co.uk/newspaper/0,,...1879785,00.html

There is a commentary on the IRs here. I had to laugh as whilst the writer admits that US rates are about to rise above the UK and that this is very rare indeed... that it does not look like UK IRs are going to going up and that

Interest rates in Britain are not going to rise any time soon and probably have further to fall
.

Hmm, Laughing my bottom off! :blink:

http://www.timesonline.co.uk/newspaper/0,,...1879715,00.html

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There is a commentary on the IRs here. I had to laugh as whilst the writer admits that US rates are about to rise above the UK and that this is very rare indeed... that it does not look like UK IRs are going to going up and that .

Hmm, Laughing my bottom off! :blink:

I can't see where it says that "quote" in the article, are you using poetic licence?

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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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