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sighmoon

Weak Pound

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As interest rates in the USA are now higher, it seems likely that unless rates rise, the pound will slide against the dollar, as it already has against the euro.

A weaker pound would mean higher inflation, wouldn't it? Perhaps not the official inflation figure, as I think the basket of goods changes to suit the moment. In the long run though, if it were sustained, this would erode the value of house prices without the proletariat really noticing. Would this be good for the UK economy and / or labour's chances at the next election?

On the other hand, am I missing something and will they be forced to raise rates to keep up with the Joneses?

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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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