European Central bank Set rate will it be good news

Discussion in 'Continental Touring' started by Braunston, Jan 15, 2009.

  1. Braunston

    Braunston Read Only Funster

    Joined:
    May 21, 2008
    Messages:
    1,415
    Likes Received:
    7
  2. haganap

    haganap Funster Life Member

    Joined:
    Dec 5, 2007
    Messages:
    11,066
    Likes Received:
    13,668
    Location:
    Heavan
    Oh i love this Braunston. If I would of taken my own advice I gave to you a couple of weeks ago when the pound was at an all time low ic ould of made some money:Smile: the pound got to 112.8 where by on your last post on this subject the pound was at a megre 1.04.

    Still I fully expect the pound to recover but at a slower rate than previously. Probably about 1.20 by the time the parc verger meet comes along.

    should be really interestng what happens this pm. It's evident that the cutting of interest rates is having little effect. All that we are doing is continuing to pay our mortgage at the rate it was over 12 months ago 6.5 % (we have a traker) it is now traking at less than 3% our payments we have managed to keep the same and therefore shave years off our mortgage without bein g any worse off. Many punters are just relinning there borrowing. The rate to borrow at is horrific compared to the BOE interest rate with rates about 7.9%. unless the libor rate comes down then that wont change, Then mortgage companies are taking the pxxs by not passing on the cuts to their mortgage rates but then banging there savings rates.
    I think it,s a case of holding on and hoping to stay in your house for most families, keeping your job, and seeing through the next 12-18 months.
     
  3. Braunston

    Braunston Read Only Funster

    Joined:
    May 21, 2008
    Messages:
    1,415
    Likes Received:
    7
    Hi,

    They have cut the rate by 0.5% To 2% and the link to the graph above showed a 1 cent gain within the last half hour, so it will be very interesting to see where it ends up.
     
  4. wanderer

    wanderer Funster

    Joined:
    Apr 14, 2008
    Messages:
    429
    Likes Received:
    379
    Location:
    huntingdon
    hi
    I have been looking at this recently and cant understand how the euro rate against the pound has not improved as the euro is massively over valued
    Whats the difference between Ireland and Iceland ? ANSWER one letter and six months
    PIGS stands for portugal-italy-greece-spain All countries in a perilous financial state high public spending high unemployment , all doing far worse than us.
    How can the euro be viable long term if individual member countries like ireland go down the pan i cant see europe sending ship loads of money to the paddies unless its a bribe to join the constitution.
    I reckon the rate will be back to 1.25 by march and 1.40 by june
    Mind you i have lost all my shirts at the gee gees over the years
    Wanderer
     
Loading...

Share This Page