UK CPI keeps the pressure on Sterling
Disclaimer: THIS MATERIAL IS NOT INVESTMENT RESEARCH AS DEFINED BY THE FINANCIAL SERVICES AUTHORITY
Sterling made another attempt to stabilise yesterday against the US Dollar, but failed miserably short of the 1.51 level as the currency markets saw a steep decline in UK October CPI. The spectre of a 1930’s style deflation in the British economy looms. Analyst now see even more room for monetary easing in the UK, rates are already at a 54 year low of 3%. Market participants cannot rule out rates at 1% next year.
Wednesday 19 November 2008, 12:13pm
Latest Posts
06 January 2009, 04:31pm
17 December 2008, 04:46pm
17 December 2008, 02:14pm
16 December 2008, 11:56am
12 December 2008, 10:47am
11 December 2008, 11:09am
10 December 2008, 12:52pm
05 December 2008, 11:46am
02 December 2008, 11:37am
28 November 2008, 11:42am
Our Twitter Updates
Monthly Archives
2009
January (1 entry)
2008
December (8 entries)
November (12 entries)
October (13 entries)
September (12 entries)
August (4 entries)
July (4 entries)
June (17 entries)
May (12 entries)
Tags
The details expressed in this website are for information purposes only and are not intended as a solicitation for or a recommendation to buy or sell any currency. You should exercise your own judgment before entering into any financial transaction, including the buying or selling of foreign exchange. FairFX Plc accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site.
The material set out in this website is current as of the indicated date. This material is prepared from publicly available information believed to be reliable, but FairFX Plc makes no representations as to its accuracy or completeness. All expressions of opinion are subject to change without notice. Opinion may be personal to the author and may not reflect the opinions of FairFX Plc.
FairFX Plc is not acting as your financial adviser or in a fiduciary capacity in respect of any foreign exchange transaction Before entering into any foreign exchange transaction you should take steps to ensure that you understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction.
