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Ted D. Bear

Rate Rise Sees Sterling Head For $2 Barrier As Analysts Bet Increase Is First Of Many

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The pound could break the two-dollar barrier in coming months as investors bet that this week's shock interest rate rise may only be the first of many, analysts said last night.

The whole article.

Elsewhere in the same paper:

One person is falling victim to insolvency every minute of the working day and home repossession applications show the biggest rise since the early 1990s housing crash.

Ouch. I wonder just how much money the banks are not going to get back.

The article

Edited by Ted D. Bear

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And at the same time as the HPC picks up--76% rise in insolvency with KMPG estimating numbers could reach 150,000 very soon!

Not long now before the currency markets twig the Miracle Economy ain't working no more.

http://www.telegraph.co.uk/news/main.jhtml.../05/nbust05.xml

Further damage to the UK ecomony, should help to kill exports to the US nicely.........

Goodbye Jaguar it was good knowin ye. :(

More trouble for the West Midlands brewing.

http://news.bbc.co.uk/1/hi/business/5240794.stm

Ford review 'may spark sell-off'
Jaguar XKR at London Motor Show
Experts predict Jaguar will be put up for sale
Carmaker Ford has confirmed it has hired an adviser to carry out a strategic review of the business.
Former investment banker Kenneth Leet will advise chief Bill Ford about changes to the business, which may include the sale of ailing operations.
Mr Leet is also expected to look at whether Ford should pursue strategic alliances with other car firms.
Analysts have suggested that Ford could put its underperforming UK Jaguar unit up for sale following the review.
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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