the green line is a nice add point with the trend.
40%+/- rate cut on Dec 6 baked into the price....
UK interest rates were increased on five occasions between August 2006 and July 2007, to tackle high inflation.It jumped to 2.1% in October from 1.8% in September on the back of soaring fuel prices and oil is going to go higher causing inflation. Remember they must also keep an eye on the housing market. The bank wouldn't want housing market to take off again by lowering to much. Further, USA are also lowering their interest rates, this will keep the pound strong to the dollar, as for interest rates you may get a cut in February if you lucky. Just my opinion
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Indeed, thanks for the post, we need more action around here.
Your definitely an inflation hawk by the tone of your wording, if you look at inflation indeed your correct.It's highly elevated...I tend to agree with you fundamentally, it's the british consumer I worry about, though. Why not cut? housing is over valued, consumers are running on UK Banks, consumer confidence and credit confidence are getting hit. Even the loyal british subjects need a christmas gift from their queen and co-horts.
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BoE pressured to cut rates to avoid recession - Telegraph
:cheesy: :cheesy:
:cheesy: :cheesy:
diddo...
