The aim of this blog is to accrue information that may be of help to you & links to other sites I have found of help, including sites run or managed by friends and associates.
Do send me a message of anything you feel would help.
Regards, Greg L-W.

Saturday, 8 November 2008

Which Direction for the Pound (G024)

Which Direction for the Pound (G024)

Despite last week's interest rate cut of 1.5% the £ rose slightly against the dollar from $1.57 - $1.58 and similarly against the Euro from 1.23 euros to 1.24 euros. One school of thought is that the reduction may stimulate the economy thereby supporting the pound against other currencies.

Patrios believes however, this is only a temporary rise with a significant fall due shortly. The UK economy (according to the IMF last Thursday) is expected to contract by 1.3% in 2009 suffering the worst recession within the Eurozone.

This prediction is holding back any progress sterling may make and will prove a major force in seeing a reduction of the £ to around $1.40 before Christmas. Also, with the Bank of England likely to reduce interest rates again by January the pound is unlikely to stabilize until at least the middle of next year.

From an Associate's Blog

To try to put a value on Freedom is as futile as floccipaucinihilipilification and the metissage of our societies, as we rummage in the ashes of our dreams, the flotsam of our hopes and the jetsam of our lives.

Greg L-W.
01291 – 62 65 62

I SUGGEST – since there is clearly no political party of repute, advocating or campaigning for withdrawal of these United Kingdoms from the EU and restoration of our independent sovereign, democracy, with Justice & the right to self determination in a free country:

Write Upon Your Ballot Paper:


No comments:

Post a Comment

You are welcome to comment but it WILL be moderated for abuse or bad language, libel, ad hominem attacks etc. & is unlikely to be posted if you lacks the integrity to comment using your identity/name.
Your opinion is valued, if you value it enough to use your own name and WILL be posted.

Related Posts Plugin for WordPress, Blogger...