Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Maloney who wrote (377349)	11/6/2008 6:04:14 PM
From: maceng2	Read Replies (1) of 436258

Can you believe this? Generally, lower interest rates tend to weaken currencies, as returns on funds held in them are reduced. However, sterling benefited from investors' hopes that the Bank's bold interest rate move would improve the outlook for the UK's vulnerable economy. business.timesonline.co.uk So UK bailing out banks to the tune of many fold £££ billions plus mega interest rate cuts makes for a strong currency??? Anyway I'm still looking good with my CADs bought at 2.02 so I can say GFY to the BoE with disdain, AND I still think the UK pound has got some real falling to do at some point. However, I think most are looking at the strengthening USD with a certain amount of glee as to the heightened probabilities of a drop at some future moment in time -g- business.timesonline.co.uk if you can't read the link, the synopsis is the USD looks (according to the bulk of informed sources sampled) bullish out till about January 09 unless something else out of view happens. Beyond that is anyones guess but I think the Canadian buck rools in '09. New World Order. PNUCC Project for the New United Canadian Century !

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