The bigger problem now is that banks in the UK can not make a profit with the current interet rates.A further drop tomorrow would be terrible news for the UK banks and since lending in this enviroment is inheritly risky they have no way of charging a risk premium so in effect they are forced to take on risk that they have no way of hedging.
nope, 50bps. But the new CPI makes a case for 100bps. The reweighting of the food component is just fudging. Most people in this country spend a lot more than 13% of their income on food and Dec food inflation was 17%. And 'owners equivalent rental'???? gimme a break
100 bpts - unusual for Tito but i think with the revised trade data and revised inflation calc and talk of SA version of bailout for motor industry Tito has enough ammo to defend an extraordinary(for him that is) drop
hooo boy, this market is running with wild abandon in one direction! Simon? There you have it, still lots of bulls out there. For the TOP40 daily the MOM is up, RSI neutral and fast Stoch just crossed 80, MACD green crossover this morning. This little rally could still go some and then some. Upper Bollie is still a way off at 19960.
By the way that the Rand is strengthening today, it looks like the rogue currency traders have got a tip-off that the rates are going to be increased. That information has only just started filtering through to the equity traders.