Friday, May 05, 2006

Rate rise coming soon for UK?

Telegraph: Pressure on rates boosts sterling

Telegraph: King will be proved right over rates... but at what cost?


The pound has risen to a 12-month high against the dollar, as the chances of an imminent rise in interest rates increased, amid a fresh flood of strong data on the UK economy.

Posted by Webmaster @ 12:44 PM (661 views)
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4 Comments

1. Simon Bicknell said...

A rise in intrest rates is imminent. With strong oil prices this will
inevitably cause inflation, and as the target of The Bank Of England
is 2% intrest rates must rise to keep inflation under control.No govermnet
can be blamed for this as now the Bank Of England is solely responsible
for this decision.
Gas and electricity recent rises put more pressure on increases that
must be passed on and cause rising prices everywhere.
Looking at the average house hold their bills have risen 20% +
The potential shortage which could happen with Iraq planning to block
supplies to the west. I can see prices at the petrol stations going to
easily in excess of 1 a litre.
People have been given credit,credit,credit and this strong belief
in the house covering all this is foolish.....as soon as interst rates
rise these people will be punished for their frivelishness...

Friday, May 5, 2006 01:37PM Report Comment
 

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3. Tyrellcorporation said...

The conditions for rate increases are now looking very nice indeed. The last few years have been hampered by the manufacturing sector which has been in the doldrums. This has meant that (along with other factors) the case for interest rate rises to quell the rampant HPI has been sidelined in favour of rate cuts to assis business. As business/manufacturing picks up, the argument for keeping rates low to help this sector will evapourate. Finally we could be getting to that more favourable situation where rate increases start biting into HPI whilst other sectors ramain relatively ok.... until it goes pop ofcourse! :)

Friday, May 5, 2006 03:48PM Report Comment
 

4. Bidin'matime said...

"the nation is so heavily in debt that a rise in rates will put many people in deep trouble. Although a 0.25pc rise may not sound much, which is what the market expects to happen, people are so stretched that even that sort of rise can send them into a tailspin." Damian Reece, City Editor

Good to see this sort of comment in a national 'newspaper' following all these stupid headlines we've been getting.

Friday, May 5, 2006 07:08PM Report Comment
 

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