Yes, exactly.
The rate rise was already baked into the value of the pound as it was a virtual certainty that it was coming. Values of currencies, commodities and shares are based on expectations as well as facts.
Posted By: SimonOTBC on November 2nd 2017 at 12:46:45
Message Thread
- Interest rate rise was to try to increase the value of the pound so that (NCFC) - Larry Hagman, Nov 2, 12:35:40
- Don’t the Government get loads more in tax with high inflation? (NCFC) - Gob on a Stick, Nov 2, 17:24:25
- Markets (and everyone else) knew what was going to happen today (NCFC) - Azteca, Nov 2, 12:51:40
- and markets forecast for 2 more rate rises during the next 3 years (n/m) (NCFC) - Larry Hagman, Nov 2, 13:25:05
- That won't be enough to keep the pound's value up (n/m) (NCFC) - mr carra, Nov 2, 13:25:54
- A lot is down to Brexit. Pound will rise again 'if' a good new deal with the EU (NCFC) - Larry Hagman, Nov 2, 13:40:12
- That won't be enough to keep the pound's value up (n/m) (NCFC) - mr carra, Nov 2, 13:25:54
- and markets forecast for 2 more rate rises during the next 3 years (n/m) (NCFC) - Larry Hagman, Nov 2, 13:25:05
- pound dropped because they said they'd be very cautious about making future rises (NCFC) - mr carra, Nov 2, 12:38:54
- Yes, exactly. (NCFC) - SimonOTBC, Nov 2, 12:46:45
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