THE pound has plummeted today after the Bank of England hinted that it could implement negative interest rates.at a record low of 0.1 per cent but added that it may drop below zero in the near future.
Although it seems like the value of sterling has dropped dramatically today, it is not even close to its lowest point over the past week.Last Friday the pound was weakest against the dollar when it sunk to $1.2779.Again, sterling still isn't at it's weakest against the euro across a seven day period - it hit a low of €1.0776 at the end of last week.
Some experts have said we could see negative inflation as a result of coronavirus pressures on the economy.But the Bank of England points out that when prices fall, people often don't make purchases as they hope costs will fall further.
BrexitDD More manipulation of the currency for their crooked mates
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Source: The Guardian - 🏆 84. / 53 Read more »
Rising virus rates threaten economy, says BankBank of England says a no deal Brexit is another risk as it keeps interest rates at historic low. This government threatens the economy. They’ve once again failed to contain the virus and the economy will take a nasty hit. All before a probable no deal Brexit.. No locking down is effecting the economy. No. Tighter lockdown restrictions are destroying economy. Let people get back to their jobs. Thousands of small & micro businesses have been destroyed & pushed into huge debts. Protect most vulnerable by keeping them inside but let working age population get on with their lives.
Source: BBCNews - 🏆 3. / 97 Read more »
Bank of England keeps interest rates at 0.1% but warns on economic outlookUK economy faces an ‘unusually uncertain’ future with possible steep rise in unemployment 😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍 😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍 😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍😍 Is anyone interested in, or bothered by why Credit Card rates are so high in comparison? In these tough times isn't it shameless profiteering? The EU breaks International Law - but expect others to obey it - watch this by Jeff Taylor -
Source: The Guardian - 🏆 84. / 53 Read more »
Rising virus rates threaten economy, says BankBank of England says a no deal Brexit is another risk as it keeps interest rates at historic low. This government threatens the economy. They’ve once again failed to contain the virus and the economy will take a nasty hit. All before a probable no deal Brexit.. No locking down is effecting the economy. No. Tighter lockdown restrictions are destroying economy. Let people get back to their jobs. Thousands of small & micro businesses have been destroyed & pushed into huge debts. Protect most vulnerable by keeping them inside but let working age population get on with their lives.
Source: BBCNews - 🏆 3. / 97 Read more »