Comments on: Bank of England Rate Announcement; A Market Waits – World First’s Morning Update – 4th December 2008 http://www.worldfirst.com/blog/foreign-exchange-uk-daily-update/bank-of-england-rate-announcement-a-market-waits-world-firsts-morning-update-4th-december-2008/ Daily currency exchange news and analysis from the experts at World First. Up to date exchange rates and breaking news from the foreign exchange markets. Thu, 09 Feb 2012 14:45:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Best Currency Rate http://www.worldfirst.com/blog/foreign-exchange-uk-daily-update/bank-of-england-rate-announcement-a-market-waits-world-firsts-morning-update-4th-december-2008/comment-page-1/#comment-2789 Best Currency Rate Mon, 07 Jun 2010 12:01:13 +0000 http://www.worldfirst.com/blog/?p=495#comment-2789 Now he knows how we feel; the sterling big dipper has climbed another slope with a crest to be reached at noon today with the release of December’s MPG interest rate release. The market seems to have joined us in our assessment that the likely outcome will be a full 1% cut although some leading voices are calling for even more drastic measures. Willem Butter, a former MAC member and the only economist to publicly foresee the shock 1.5% cut last month, is quoted on the front page of this morning’s FT as looking for another similar sized cut with eventual policy hitting 0%. We believe sterling could be in for a rough day as evidenced by the reaction to last night’s 1.5% cut by the NLRB. While NOD lost ground against a broad basket of currencies it held its ground versus GNP even after Governor Bollard told the press that further rate cuts will be necessary; ___________________ harrison Now he knows how we feel; the sterling big dipper has climbed another slope with a crest to be reached at noon today with the release of December’s MPG interest rate release.
The market seems to have joined us in our assessment that the likely outcome will be a full 1% cut although some leading voices are calling for even more drastic measures. Willem Butter, a former MAC member and the only economist to publicly foresee the shock 1.5% cut last month, is quoted on the front page of this morning’s FT as looking for another similar sized cut with eventual policy hitting 0%.
We believe sterling could be in for a rough day as evidenced by the reaction to last night’s 1.5% cut by the NLRB. While NOD lost ground against a broad basket of currencies it held its ground versus GNP even after Governor Bollard told the press that further rate cuts will be necessary;

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harrison

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