US ($) Currency Thread 1 (closed - use thread 2)

inspector_monkfish

jonathanrichardson69 wrote: »

"time to time" it seems to be happening all the time at the moment, is there any good news expected today or this week?

good news doesn't seem to help either !

jonathanrichardson69

when is the interest rate cut expected?

inspector_monkfish

jonathanrichardson69 wrote: »

when is the interest rate cut expected?

12.00 Thursday

jonathanrichardson69

do you think that will help?

inspector_monkfish

jonathanrichardson69 wrote: »

do you think that will help?

difficult to tell
its pretty much factored in anyway so prob won't even make a difference

latest expectations are 95% chance of cut from 1.00pct to 0.50pct

if they don't do that, then all hell could break loose !!

jonathanrichardson69

its good for the mortgage i suppose, thats the upside

inspector_monkfish

jonathanrichardson69 wrote: »

its good for the mortgage i suppose, thats the upside

no good for the interest rate paid on the savings account where i park the massive bonuses us bankers get though....

whats a 'mortgage' anyway?

jackieblack

jonathanrichardson69 wrote: »

its good for the mortgage i suppose, thats the upside

not if you're on a fixed rate it's not!!!!

inspector_monkfish

jackieblack wrote: »

not if you're on a fixed rate it's not!!!!

oops, how long you got left?

neilbond007

jackieblack wrote: »

not if you're on a fixed rate it's not!!!!

tell me about it. i fixed mine in august last year. 3% penalty for 2 years.
thought i was getting a good deal with 5 1/2% (I think it is)....

then i get the chance to go to the US.
dollar heads south... house prices head south...

oh, happy days!