Rate rises will be against the interest of the CON government.... This side of next years election...hardly a vote winning move..
That said after the election one can expect the sweet talk and silence will stop and rates will rise no matter who gets in...
Seems a logical thought that rate rises will create extra revenue to banks and others investing or saving, as after most elections the following 4 years will have a move to another direction to make people money, as per the same after most past election direction changes..
Cloudy and cooler today on Norfolk coast...Nice to see an up tick so far today.. GLA
The Serious Fraud Office (SFO) yesterday launched a criminal inquiry into the alleged rigging of London's £3 trillion-a-day
foreign exchange market. The investigation into whether traders benefited from the manipulation of benchmark "forex" prices comes amid an existing probe by the Financial Conduct Authority and other regulators around the world. - The Scotsman
The Russian economy seems to be fairly weak at the moment , not sure it could afford to do without European gas revenues . Bit of a double edged sword situation methinks . Hopefully it won't come to that . As you say there seem to be conflicts in many parts of the world at the moment , Middle East , Africa , Ukraine , with nothing much being resolved. So,so sad. Politics , religion got a lot to answer for .'
If Mark Carney was to have a checklist of factors that needed to be satisfied to warrant a rate hike, the latest reading is surely one of them. However we are experiencing a slight slowdown in UK economic figures, UK retail sales posted one of its most tepid increases in 3 years according to the British Retail Consortium. This is compounded by a slowing rate of industrial production and slow wage growth. This must all be seen in context however, the UK is still growing at the fastest rate of all developed economies but is seeing greater disparities among the population.
Quiet, I think it is the hot weather... Too many down the pub...
Regarding bad press, I am hoping this Putin and Plane issue does not get out of control ... or things can easy get nasty ... if things get really bad and Putin is threated enough he could shut gas pipe lines to Europe or whatever.... How it will affect the stock market is another issue... Hopefully it will not become big problem.
Whatever our thoughts there is always a conflict some where in the world..... The sad and crazy thing is that hundreds have to be killed along the way... To achieve so little so it seems... it just goes on and on..
Todays SP lucky to stay near the same ... se how the rest of the week works out...
Australia's turn to take a little bite out of RBS . Compared to the US , bit like being bitten by a Piranha as opposed to a Great White . Still damaging both financially and to reputation . Could do without this sort of bad press cropping up on such a regular basis .
Cheers mate , interesting articles although at this stage it still seems to be a bit could be , should be with regards to time scales . Will almost certainly take HMG a few years to sell off it's huge share holding so if it starts in 2016 , could be getting close to 2020 before everything gets sorted out . Medium term there are probably better investments in the sector , but it looks as if it will remain a great trading share for some time to come. Disregard the SP , trade the volatility. ATB
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