UK interest rate rise - NOT amateur radio

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?

Interest rates - NOT amateur radio

It has started.  Gradually rates will rise across the world. People had better get ready for life when borrowing costs more. I can remember when interest rates hit 15% and mortgages were very expensive.  At the moment borrowing (and being in debt) is very cheap, but history tells us these days will not last.

See  http://www.bbc.co.uk/news/business-35117405