TheCountOfNowhere Posted December 14, 2016 Share Posted December 14, 2016 "US raises key interest rate by 0.25% on strengthening economy" http://www.bbc.co.uk/news/business-38323037 Quote Link to comment Share on other sites More sharing options...
One-percent Posted December 14, 2016 Share Posted December 14, 2016 Lovely jubbly Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted December 14, 2016 Author Share Posted December 14, 2016 There were clearly waiting for the election. Me thinks the bankers have a new plan.... Quote Link to comment Share on other sites More sharing options...
hi5lo5 Posted December 14, 2016 Share Posted December 14, 2016 Great, this is good. Let us see what the idiots on the other side of Atlantic do in next months. ECB and BOE are in soup. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted December 14, 2016 Share Posted December 14, 2016 Don't get too excited chaps, it was a done deal. Quote Link to comment Share on other sites More sharing options...
rollover Posted December 14, 2016 Share Posted December 14, 2016 Bank of England have to follow soon. Quote Link to comment Share on other sites More sharing options...
999house Posted December 14, 2016 Share Posted December 14, 2016 Quote Link to comment Share on other sites More sharing options...
kidgorgeous Posted December 14, 2016 Share Posted December 14, 2016 2 minutes ago, rollover said: Bank of England have to follow soon. Why? ( I really hope you are right!) Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted December 14, 2016 Share Posted December 14, 2016 2 minutes ago, rollover said: Bank of England have to follow soon. There is going to be quite a gap between us and america now in real terms interest rates. I would like to think the BOE would raise, but they know full well the crash has started, and to raise rates now would really add a lot of fire to it Quote Link to comment Share on other sites More sharing options...
kidgorgeous Posted December 14, 2016 Share Posted December 14, 2016 1 minute ago, jiltedjen said: There is going to be quite a gap between us and america now in real terms interest rates. I would like to think the BOE would raise, but they know full well the crash has started, and to raise rates now would really add a lot of fire to it Would BOE be forced to raise at some point if say the fed raised to over 1%? Quote Link to comment Share on other sites More sharing options...
Arpeggio Posted December 14, 2016 Share Posted December 14, 2016 I just like the song OK. https://www.youtube.com/watch?v=UtKADQnjQmc Quote Link to comment Share on other sites More sharing options...
rollover Posted December 14, 2016 Share Posted December 14, 2016 4 minutes ago, kidgorgeous said: Why? ( I really hope you are right!) “The Fed will raise rates soon and Carney is facing 180 degrees in the wrong direction,” Buxton said. “Carney won’t want the interest rate differential between the US and UK to be too great otherwise it will put more pressure on sterling. “He may have to raise rates as the economy deteriorates.” but “It won’t be enough to cause a housing market collapse,” he said. mortgagesolutions Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted December 14, 2016 Share Posted December 14, 2016 1 minute ago, Arpeggio said: I just like the song OK. https://www.youtube.com/watch?v=UtKADQnjQmc recorded 1988 the year before the 1989 crash. Quote Link to comment Share on other sites More sharing options...
Arpeggio Posted December 14, 2016 Share Posted December 14, 2016 1 minute ago, jiltedjen said: recorded 1988 the year before the 1989 crash. Nice! lol Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted December 14, 2016 Share Posted December 14, 2016 10 minutes ago, rollover said: Bank of England have to follow soon. Nah. However UK bonds less attractive will force increasing mortgage costs behind the scenes. Quote Link to comment Share on other sites More sharing options...
geezer466 Posted December 14, 2016 Share Posted December 14, 2016 The key will be the £-$ exchange rate.... BOE won't act unless Sterling starts tanking. Dollar should gain ground as by raising rates the fed are signalling they are trying to head off an over heating economy... For investors and money markets an over heating economy is an opportunity to make money.... Watch the rates in the morning.... Quote Link to comment Share on other sites More sharing options...
kidgorgeous Posted December 14, 2016 Share Posted December 14, 2016 1 minute ago, rollover said: “The Fed will raise rates soon and Carney is facing 180 degrees in the wrong direction,” Buxton said. “Carney won’t want the interest rate differential between the US and UK to be too great otherwise it will put more pressure on sterling. “He may have to raise rates as the economy deteriorates.” but “It won’t be enough to cause a housing market collapse,” he said. mortgagesolutions i get what you are saying but does Carney care if sterling comes under pressure? Does he care if inflation was over 5%?. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted December 14, 2016 Share Posted December 14, 2016 6 minutes ago, Arpeggio said: I just like the song OK. https://www.youtube.com/watch?v=UtKADQnjQmc I've just output that through my Hi Fi Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted December 14, 2016 Share Posted December 14, 2016 (edited) "US raises key interest rate by 0.25% on strengthening economy " http://www.bbc.co.uk/news/business-38323037 Mentioned on the Hpc Fed thread, but deserved its own thread imo Edited December 14, 2016 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
Cosmic Apple Posted December 14, 2016 Share Posted December 14, 2016 That topic title is better, imho (sorry count) Quote Link to comment Share on other sites More sharing options...
maverick73 Posted December 14, 2016 Share Posted December 14, 2016 Love it. Each 0.25% by a central bank, is 1% rise in real terms. Janice Yellen said 4 hikes this year. They did 1 hike. She now says 3 hikes next year.. If they follow through, the U.K. will be forced to follow :o) Quote Link to comment Share on other sites More sharing options...
adamLancs Posted December 14, 2016 Share Posted December 14, 2016 This is one of those days you really don't want to be long £ overnight. “He may have to raise rates as the economy deteriorates.” but “It won’t be enough to cause a housing market collapse," Well, that may be, because it may have already started. The evidence is mounting. I do know a couple of personal accounts that nothing is selling down there atm. Inflation up, a HPC on the cards, personal debt high, savings low (the flight to risk has already happened)... and we start 2017 with 0.25%. Not looking good for UK plc. Where will Carney the magician go to next after he's destroyed the £? Quote Link to comment Share on other sites More sharing options...
frederico Posted December 14, 2016 Share Posted December 14, 2016 The UK has to follow the US eventually,otherwise in their tiny little minds they lose face. Tbh we're not hearing much about bad US banks, so relatively the UK is a complete basket case. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted December 14, 2016 Share Posted December 14, 2016 11 minutes ago, Northern Welsh Midlander said: That topic title is better, imho (sorry count) The hpc edited version .(.sorry count did not see your post ) Quote Link to comment Share on other sites More sharing options...
mrtickle Posted December 14, 2016 Share Posted December 14, 2016 (edited) 55 minutes ago, Arpeggio said: I just like the song OK. https://www.youtube.com/watch?v=UtKADQnjQmc That shoulder thing she does is oddly hypnotic Edited December 14, 2016 by mrtickle Quote Link to comment Share on other sites More sharing options...
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