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UK interest rate cut "a foregone conclusion"
https://www.paphospeople.com/ppforum/viewtopic.php?f=47&t=31408		 Page 1 of 1
Author:  M.A.D [ Wed Aug 03, 2016 4:42 pm ]
Post subject:  UK interest rate cut "a foregone conclusion"
The UK economy is contracting at its fastest rate since the financial crisis, making an interest rate cut "a foregone conclusion", according to financial data company Markit.
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http://www.bbc.com/news/business-36962059
Author:  Fylde Filly [ Wed Aug 03, 2016 7:00 pm ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
Do we assume the Exchange Rate will be doing a tumble when you post your update tomorrow morning after that announcement?
Author:  M.A.D [ Wed Aug 03, 2016 7:58 pm ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
Since the announcement the exchange rate has actually gone up :banana
Author:  Fylde Filly [ Wed Aug 03, 2016 9:13 pm ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
It won't last..... for long.
Author:  Fylde Filly [ Thu Aug 04, 2016 3:19 pm ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
Here we go:

This morning: 1.00 GBP = 1.19604 EUR......UP

Now: 1.00 GBP = 1.18210 EUR
Author:  Big Nev [ Thu Aug 04, 2016 6:19 pm ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
1.179 now
Author:  Fylde Filly [ Thu Aug 04, 2016 8:28 pm ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
All going good then, eh? :doh
Author:  geoffreys [ Fri Aug 05, 2016 7:53 am ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
By the end of 2016 expect the £>€ exchange rate to be about 1.30
Geoff.
Author:  Number6 [ Fri Aug 05, 2016 8:09 am ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
Do you have a crystal ball Geoff ? ;)
Author:  M.A.D [ Fri Aug 05, 2016 8:16 am ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
Number6 wrote:
Do you have a crystal ball Geoff ? ;)


I think that’s a personal question that should only be discussed between Geoff and a medical professional :grin: ;)
Author:  geoffreys [ Sun Aug 07, 2016 7:14 am ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
Number6 wrote:
Do you have a crystal ball Geoff ? ;)


No! But my daughter who works in the "city" advises that.
She might be wrong - but I doubt it.
Panic not Mr Mannering....
Geoff.
Author:  geoffreys [ Sun Aug 07, 2016 7:16 am ]
Post subject:  Re: UK interest rate cut "a foregone conclusion"
M.A.D wrote:
Number6 wrote:
Do you have a crystal ball Geoff ? ;)


I think that’s a personal question that should only be discussed between Geoff and a medical professional :grin: ;)


Oh dear, was it something I said?
:lol:
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