UK Money blog provides news and comment on the world of money, finance and investment. We cover mortgages, loans, leasing, insurance, credit cards, property, savings and taxation.
29 November 2006
2 Dollar Pound Approaching
Yesterday sterling hit $1.95 as the US economy appears to be faltering. A number of indicators show that the US economy is under pressure. These include house prices down 3.5%, industrial orders down 8.5% and a fall in the Consumer Confidence Index. US interest rates have been on a steady rise over the past two years. However, it appears that they are now pressuring the economy into a serious risk of deflation. To read a full report of the figures, click on the post title.
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