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Mr_Sminty

Uk Trade Gap Deficit

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This is money Sunday

Talk of the latest figures to highlight that interest rates will have to rise to defeat a run on the pound, the figures could be the final trigger that starts this run.

And that deficit on trade can only increase as we have to import more oil, gas and coal in the years to come and the world market for our exported financial services decreases.

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Fascinating - keeping IRs artifically low in order to get Brown into No. 10 and to keep the UK afloat has caused a terrible financial crisis to come. If they do not raise IRs then the Pound will tank... which will push up the costs of goods, oil and gas... causing IRs to go up as a result of inflation.

I think they will do what most British people do in this situation - nothing! And hope for the best!

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Fascinating - keeping IRs artifically low in order to get Brown into No. 10 and to keep the UK afloat has caused a terrible financial crisis to come. If they do not raise IRs then the Pound will tank... which will push up the costs of goods, oil and gas... causing IRs to go up as a result of inflation.

I think they will do what most British people do in this situation - nothing! And hope for the best!

i'd like the £ to tank but can't see it going down against the major currencies...

as the US has its twin deficits and Japan and the main economies in the Eurozone have very low growth rates................

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i'd like the £ to tank but can't see it going down against the major currencies...

as the US has its twin deficits and Japan and the main economies in the Eurozone have very low growth rates................

Hi,

That is true for the US - although the economy there is pushing the trade gap because of booming growth, as opposed to the Uk economic deterioration at a time of increasing defecit - but Japan, Germany, and france are all on track to finish the year with higher growth rates (OECD), coming from positions of real recovery with increasing exports and industrial, business activity. Very telling as effectively France and Germany are the linchpin economies behind the Euro. Some other widely traded currencies such as the Canadian$, Aus$, Yuan, SwissF, NZ$ are also approaching the end of year from positions of stronger led growth. If any of these currencies are vulnerable at this time, sterling is the strongest candidate after the dollar, although the two are quite strongly linked together, compounding sterling's position if the dollar tanks first.

Boomer

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  • 302 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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