Friday, November 19, 2010
Euro rates up sterling down.
Trichet hints at I.R. rise
Oh dear. This could be real bad news for the UK.
Posted by chrisch @ 09:44 AM (1594 views)
4 thoughts on “Euro rates up sterling down.”
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str 2007 says:
Maybe the uk would ignore rising rates elsewhere and go with the weaker sterling better for exports arguement and ignore the inflationary aspects of the policy – ie no change from current policy.
flashman says:
chrisch: Please explain: “Oh dear. This could be real bad news for the UK
Do you have a particular pathology in mind?
paul says:
The Bank of England’s failure to respond (which has been responsible for the precipitous drop in the value of the pound against other currencies) could set a death spiral in motion of prolonged weakness in currency and soaring import inflation as currency investors pursue a flight to value – i.e. the euro.
Not a happy place to be.
debtfree says:
It’s a game, strong euro, weaker dollar, weaker euro, stronger dollar.
up and down, like a see-saw, thats’s the long and short and short of it, no pun intended.
Central banks and Investment banks are all in it together, thats how they make money.
Ireland didn’t even need the money, the market makers and EU forced them into it, no escape for them now. All those years of fighting the English and their sovereignty is gone in just a few years when messing with the banks.
Didn’t the Chinese say they were going to raise rates ?