And more importantly send a gentle reminder to those in debt to sort your situation out because rates are on the increase. A little nudge up to test the market and start to wean individuals off free money is probably a good thing.
I was reading the financial press a few weeks ago and someone made a comment that it was scary that the last time the fed rate (and BOE rate) changed, a vast number of currency traders were still in school! 😯
They also made a point that with the fed raising rates at the same time as the eurozone is employing QE it could raise a perfect storm in the currency market such as happened in 92 when the UK was forced out of the ERM
Posted 4 years ago
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