Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide Top Schools for Entrepreneurs 5 Best Bosses Which States Love Small Biz? They will also ‘deal a blow, at least temporarily’ to growing hopes that the Federal Reserve could opt for a bigger 50 basis point interest rate cut next week, rather than the expected 25, he added. The dollar was particularly strong against the pound, which has fallen sharply across the board after a string of woeful UK data today significantly increased the chances that the Bank of England will cut interest rates tomorrow. The data included a sharp fall in both the Halifax’s monthly house price survey and in the PMI survey on UK services sector activity, as well as a slump in the Nationwide consumer confidence index released overnight. As a result, concerns about a slowing economy may now be sufficient to push the Bank of England to cut interest rates at tomorrow’s meeting, particularly when UK interbank lending rates remain unsustainably high. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. read more
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