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Interest rate rise and home heating oil
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kah22
Posts: 1,878 Forumite
I'm wondering what affect todays rise in the Bank of England interest rate will have on home heating oil. Up, down or steady as s goes? I think up!
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Comments
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Largely unaffected as there is no direct link and UK interest rates have little impact on global pricing.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2
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It will effect the exchange rate between £/$ which effects the price you pay in £ for your oil. That said, little change.0
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