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I think the BoE is following the US model of a weak currency to aid recovery. This is too risky, as it will cause higher inflation which will in turn keep interest rates high which may prolong the recession
you're right, for those of us in the Eurozone UK house prices have fallen 10% in the last few months
uk property market could become very interesting for european speculators, same was as the US has been interesting for UK buyers for the last few years
Milan.
UK rates/salaries have also just fallen 10% for european workers.
you're right, for those of us in the Eurozone UK house prices have fallen 10% in the last few months
uk property market could become very interesting for european speculators, same was as the US has been interesting for UK buyers for the last few years
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