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BoE may not move today ? or 0.25% cut, 50/50 chance. £ could end higher today.
Will the rate cut inflate or deflate the pound?
He has considered pressing the Reset button - perhaps just turning it off and back on again might work?if there is a need to provide real stimulus it will have to come from Hammond.
He has considered pressing the Reset button - perhaps just turning it off and back on again might work?
So.......
As someone that is looking to remortgage, and wishes to god they hadn't trapped themselves in a 10 year fix at 5.29% nearly 8 years ago (interest rates MUST go up, they can't stay this low! arse), what are the thoughts for the next few years? Fix or tracker?
So.......
As someone that is looking to remortgage, and wishes to god they hadn't trapped themselves in a 10 year fix at 5.29% nearly 8 years ago (interest rates MUST go up, they can't stay this low! arse), what are the thoughts for the next few years? Fix or tracker?
You can get a 5 year fix at around 2% or 2 year deal at 1% so the expectation is low rates for a while.
If you opt for a tracker make sure you check it tracks the BOE rate not the lenders SVR, since often the lender will not change there internal rate despite the BOE having moved their rate.
Mark Carney said:Let me say this about the banks: the banks have no excuse, with today's announcement, not to pass on this cut in Bank Rate and they should write to their customers and make that point.
NoBuy a bigger house
Get with the times!He's effectively printed pound notes to the value sixty thousand million pounds today .
Buy wheelbarrows
Sell pounds
It's not over
Guys! You lost! How about accepting the democratic decision of the British People and stop sulking and instead give some thought to what relationship an Independent United Kingdom should have with Europe and the rest of the world.