Ted D. Bear Posted August 5, 2006 Share Posted August 5, 2006 (edited) 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 August 5, 2006 by Ted D. Bear Quote Link to comment Share on other sites More sharing options...
Live_in_hope Posted August 5, 2006 Share Posted August 5, 2006 Further damage to the UK ecomony, should help to kill exports to the US nicely......... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted August 5, 2006 Share Posted August 5, 2006 (edited) 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 August 5, 2006 by Realistbear Quote Link to comment Share on other sites More sharing options...
padders Posted August 5, 2006 Share Posted August 5, 2006 If it hits $2 I am moving my savings into $US .... Quote Link to comment Share on other sites More sharing options...
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