Looks like the Yanks have hit the panic button by cutting interest rates to 0% and the big investors pulling out and putting it into the Euro for better returns with the result that the dollar will fall and Euro climbing. . I'd also think that this will add to the deflationary pressures as the price of oil drops even futher and so the Government and BOE will keep interest rates low to and let sterling go further against the Euro.
All in all a even weaker pound on the horizon means the ...
Looks like the Yanks have hit the panic button by cutting interest rates to 0% and the big investors pulling out and putting it into the Euro for better returns with the result that the dollar will fall and Euro climbing. . I'd also think that this will add to the deflationary pressures as the price of oil drops even futher and so the Government and BOE will keep interest rates low to and let sterling go further against the Euro.
All in all a even weaker pound on the horizon means the spending money doesnt go as far. More worrying would be those who have invested in property in Bulgaria and still have an outstanding amount due.