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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2544)	11/22/2007 9:14:30 PM
From: Giordano Bruno	Read Replies (3) \| Respond to of 71479

You think the UK will cut?

To: RockyBalboa who wrote (2544)	11/26/2007 6:42:17 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71479

AUDCHF as well as GBPEUR show minor rebounds. So far this works.

To: RockyBalboa who wrote (2544)	11/26/2007 7:02:43 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71479

UK Mr. Bean now rules out a rate cut UPDATE: BOE's Bean: May Need Tighter Policy For While-Report Mon, Nov 26 2007, 11:53 GMT djnewswires.com UPDATE: BOE's Bean: May Need Tighter Policy For While-Report (Adds details, quotes) LONDON -(Dow Jones)- The Bank of England may have to keep interest rates high for a while on account of the "intense pressure" that the development of China and India is putting on commodity prices, the central bank's chief economist Charlie Bean was reported as saying Monday. "Those pressures are likely to remain there for some time. The key question will be the extent to which the supply of those commodities can expand to meet the increasing demand from emerging economies," Bean was quoted as saying in an interview with the Liverpool Daily Post. "If the imported component of inflation is somewhat higher, the domestically generated component needs to be somewhat lower to compensate, and that may mean we have to run a tighter monetary policy for a while to get that domestic inflation down," he added. The U.K. Bank rate stands at a six-year high of 5.75%, having been hiked five times between August 2006 and July of this year, but many economists expect the central bank to start cutting rates in early 2008. Bean made the comments on a trip to the northwest of England last week. He said he was hearing encouraging noises about the economy from business contacts in the region, and that the impact from recent market turbulence appeared "relatively limited" so far, but warned that it would be "quite a long time" before normality returned. "As of this juncture, only a relatively small fraction of the likely losses associated with the U.S. subprime market have been declared by the financial institutions," Bean said. "It's quite likely that, over the coming months, there will be more revelations to come out, not necessarily just in this country." However, Bean said it was necessary to keep the writedowns made by some large institutions in perspective, noting that they were small compared to their profits over recent years and to their capital bases. Nevertheless, "lots of volatility (in markets) is what we should expect to see going forward," he said. "It is reasonable to expect lenders to be more cautious in extending loans whether to households or riskier lending to businesses, maybe some mergers and acquisitions, maybe the commercial property market may be particularly hit," he said. "That's something that the Monetary Policy Committee will be monitoring closely." -By Natasha Brereton, Dow Jones Newswires; +44 20 7842 9307, natasha.brereton@dowjones.com (END) Dow Jones Newswires November 26, 2007 06:53 ET (11:53 GMT) Copyright 2007 Dow Jones & Company, Inc.