MSE News:Sterling and FTSE down on gloomy Bank of England report

This is the discussion thread for the following MSE News Story:

"Bank of England governor Mervyn King warned of "a choppy recovery" for the UK economy today as he braced households for slower growth and stickier than expected inflation ..."

Replies

  • ReaperReaper Forumite
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    lol - what's this doing in the "Flights, Currency & Car Hire" board? Surely it should be in the "Debate House Prices and the Economy" (as it involves the economy) or "Savings and Investments" (as it affects investment outlook).

    Presumably it's because it indirectly hit sterling? Bit of a weak link though.
  • worldtravellerworldtraveller Forumite
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    Reaper wrote: »
    lol - what's this doing in the "Flights, Currency & Car Hire" board?

    Get out now, before it's too late? ;)
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • jnm21jnm21 Forumite
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    Reaper wrote: »
    lol - what's this doing in the "Flights, Currency & Car Hire" board? Surely it should be in the "Debate House Prices and the Economy" (as it involves the economy) or "Savings and Investments" (as it affects investment outlook).

    Presumably it's because it indirectly hit sterling? Bit of a weak link though.
    Hardly a crime - it is relevant & I'm glad it is in here - I'm looking for currency related articles & unfortunately this is very relevant - I don't look at those other boards.
    Certain OTT members have caused me to add this disclaimer: all advice given is free of charge & as such should be taken to be IIRC (as I don't spend hours researching all answers :eek: )!
  • The_ThrillaThe_Thrilla Forumite
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    "A choppy recovery." There's no recovery.

    ...only inflation.
  • ManAtHomeManAtHome Forumite
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    Was down against the euro when first posted though.

    Wasn't there something about Germany having to take their bank bailouts onto the books this afternoon (dunno if we'll eventually get the same with Lloyds, RBS, and the dead bits of NR and B&B).
This discussion has been closed.
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