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U S Deficit Below Expectations--good News For Dollar

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WASHINGTON (AFP) - Congressional experts have projected a US budget deficit of 337 billion dollars in the current fiscal year through September 30, a modest rise from last year but
less dire than earlier forecasts.
The report by the nonpartisan office suggested a
modest rise
in the deficit after a 318-billion-dollar gap in fiscal 2005.
But the
forecast is below
a White House projection earlier this month that the deficit would top 400 billion dollars.

Looks like the US IR will continue up up and away leaving Gordon with little option other than to follow. Now must be the worst time to be buying a house in the UK. BTL's have millstone status.

latest on the dollar:


Edited by Realistbear

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The USD$ is going down and you can take that to the back

Against what currency? My concern is its value against the pound and it appears that Gordon has dropped us right in it with a record deficit and growing unemployment. The herd are betting against the $ which makes me believe it will increase in value.


Edited by Realistbear

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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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