US Employment Figures

[I Told You So]

Huge jump in US employment figures just released;

330,000 jobs created in October up from 139,000 Sept.

Surely this can mean only one thing, they will have to put up interest rates which will have a knock on effect to our rates.

Views?

[STR@2%GY]

I've read a few articles recently suggesting that the dollar is likely to fall sharply after the election (and mainly as Asian Central Banks stop buying us government bonds), and this will put even more upward pressure on US interest rates.

As you say though, the big question is how much of a knock-on effect this will have on us here?

[chandellina]

The dollar has already fallen sharply in recent weeks - not so much vs sterling but that is because of our own lack of rate rises and economy slowing down.

but if us rates go up, that could hurt sterling, furthering the slowdown and certainly not encouraging rate rises.

[Lurker at the pleasuredome]

Dollar, stirling, wampum beads. Just think of a line of ships sinking at different rates.