The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the US Fed declared that the US economy may not recover for five or six years. Far from winding down emergency stimulus, the bank may need a fresh blast of bond purchases or quantitative easing.
Capital Economics predict that UK house prices will crash more than 20pc over the next two years as a result of Government spending cuts, tax rises and a surge in unemployment.
Meanwhile Gold drops in price but somebody bought 241,000 tonnes of cocoa beans yesterday moving the price for that essential commodity to its highest price for over 30 years. Maybe I should have invested in chocolate rather than gold?
The fall of Sturgeon
2 hours ago
No comments:
Post a Comment