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E C B Repeat Warning On I R As Bonds Fall

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LONDON (AFX) - European government bonds fell after comments by European
Central Bank president Jean-Claude Trichet yesterday continued to suggest that a
March 2 rate hike is on the cards
, and ahead of this evening's release of the
minutes to the January meeting of US rate-setters.
Trichet yesterday reiterated most of his recent hawkish comments, expressing
concerns about inflation, optimism on growth and adding that market interest
rate expectations are "reasonable".
Over in the UK meanwhile, gilts were also on the backfoot, continuing
yesterday's losses following strong public finances and housing data, as well as
hawkish comments on the UK economy from Monetary Policy Committee member Kate
Barker -- often seen as a more dovish member of the MPC -- was reported
yesterday as saying that the Bank of England expects economic growth to pick up

Time To Raise The Rates in the UK also? Especially after Rightmove has told everyone that houses are "flying off the shelves!" :):):):D:lol::lol::lol:


Rightmove Lends A Hand

Lending to British pound strength in the relatively quiet session, Rightmove, the online real estate agent reported housing prices that surged 2.7 percent higher. A further suggestion that the sector is on the up and up, the report confirms that demand remains healthy as first purported by reports submitted by Nationwide and the Royal Institution of Chartered Surveyors. The notion lent to strength in the underlying as the renewed demand may translate into increased consumer demand.
Additionally, it narrows the prospect for lower interest rates
as policy makers hinted at slower growth in the New Year through last week’s quarterly inflation report.

Have Rightmove et. al. shot themselves in the foot? :lol:

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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