Exchange rate

Old Feb 14th 2011, 10:07 pm
  #2671  
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Default Re: Exchange rate

Originally Posted by Alan2005 View Post
The UK and the US governments can't afford the rate rises let alone households - their has been talk of so-called bond vigilantes forcing the issue for years; but they've done nothing so far.
But they also can't afford not to raise rates as inflation pushes up the cost of everything without equivalent pay rises. Britain imports massive amounts of stuff, so a declining pound can't help but increase the cost of living.

Haven't the Fed and BoE been buying up most of the US and UK government bonds in the last year or so, because no-one else wanted to? I'm sure I read recently that the Fed now has about 5x as much in US bonds as the Chinese.
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Old Feb 15th 2011, 1:04 am
  #2672  
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Default Re: Exchange rate

Originally Posted by Alan2005 View Post
Here is the fall in all it's glory from the date of the OP.
A slippery slope.
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Old Mar 1st 2011, 6:50 pm
  #2673  
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Default Re: Exchange rate

I need to pull the trigger for a mortgage down payment within the next 5 days

Any got any thoughts on tomorrows rate, or a crystal ball will do

TIA
SA
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