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Surrey cash buyer

Strong Economic Data Will Firm Up Ir Rises

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Output rises for UK manufacturing

The UK's manufacturing sector has seen its most dramatic rise in output in almost a year.

The results were boosted by increases in transport and electrical equipment, according to figures published by the Office for National Statistics (ONS).

March saw manufacturing levels increase by 0.7%, significantly higher than February's figure of -0.1%.

Sales of electrical goods, such as televisions, have increased in the build-up to the World Cup.

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Phew, yes SCB. What a 48 hours for the financial markets.

Take home points:

1. FED hikes but US has mixed signals. Consumer spending on a knife edge, property market looks like it is just about to crash completely. However, commodities are screaming and the bottom is dropping out of the dollar. Conclusion, although no one wants to really hear it is that the FED are going to have to keep raising IRs. OMG :blink: .

2. BoE report was more dovish than many expected and Goverment bonds reacted momentarily.Good news out today - looks like BoE have been overcautious - who can blame them? Sterling surges on good news that now almost seals the fate of IRs. An interest rate hike before the end of the year now looks almost certain, but that hasn't reached the mainstream press yet. It still looks like July or August to me.

Everyone in UK seems to have lost/be in the process of losing their job or about to become involved in some form of industrial action.

Seems that neither the population nor the money markets believe the language and statistics coming from the BoE/ONS.

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Yes, NA, some form of horrendous unwinding is occurring. This is getting very, very worrying.

Stocks widened their losses Thursday as surging oil and commodities prices added to investors' uncertainty about inflation and higher interest rates. The Dow Jones industrial average dropped more than 100 points.


Anyone know if this is hitting fixed rate mortgages at the moment? I'm not looking for a mortgage right now.

Fannie Mac rate 30-year fix actually dropped 0.01% this week.

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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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