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As the UK economy continues to dive bomb towards recession the Bank of England has given its most blatant indication to date that interest rates will fall again in January. The indication was that...
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Friday 11th July 2008
Despite seeming to resist the almost inevitable downward pressure on investments, the UK stock market has finally succumbed to the fact that the UK seems to be entering a recession. Expectation of falling high street sales, a dying property market and oil moving yet higher has seen a number of investors bail out and push the stock market down to a 3 year low. While the initial push seems to have come from the US, the UK has now picked up the pace and fallen more than many other markets around the world.
On top of the financial and economic situations we also have a government which is in turmoil and a Prime Minister who is coming under more and more pressure each day. It seems inevitable that we will see some major changes on the political front over the next few months, but to what extent is as yet unclear. Markets detest uncertainty and it seems to be the array of uncertain factors currently in the UK which has spooked many investors.
The stock market is a very good barometer for the economy and if you read the signs over the last few days, the UK could be in for a very rough ride over the next couple of years. |
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