UK interest base rates have gone from 0.25 to 0.5%. This is the first rise in 10 years. Modest, but upwards. What will it do for the UK Pound?
See http://www.bbc.co.uk/news/business-41846330 .
UPDATE 1300z: At the moment, the UK pound is down against most currencies. Perhaps they were expecting a bigger rise?
Well, I have come to the conclusion that the best advice is to do the opposite of whatever I suggest! By now, I was expecting the Euro to lose value against the UK Pound.
UPDATE 2215z: So the UK Pound - Euro exchange rate has worsened by 1.74% today. This completely the opposite of what I expected! Will it get even worse tomorrow?
2 Nov 2017
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