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Interest rates - up or down?

Hi there,

I have just seen in the news that there is possibilities that the US Treasury will be imminently making a trend towards starting to reduce interest rates in the US.

As our economy normally mirrors the States, are there any indiciators to show that rates may start to take a dip on this side of the pond? I am just remortgaging to a 2 year fixed rate deal, and am really struggling with the jump in interest rates since my last mortgage product and don't really want to be paying anymore than I already am!

UK is so bloomin expensive to live in!

Cheers.
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