Wednesday, 22 October 2008

Bank of England governor can still move markets.

A speech in Leeds last night proved that Mervyn King can still move markets. Today,
sterling was down 4 per cent against the dollar. This was in response to the Bank of England governor saying that the UK economy was entering recession. If I was the governor I would try and talk things up since it might make things better. There is no point in trying to wish for a deep recession.
www.searchifa.co.uk
Most IFAs be wondering if they have the client base to survive. Mortgage brokers have been badly hit as property transactions have come down. They have been in recession for quite a long time. Apparently, the recovery will come in 2010.
In Newmarket, Suffolk, Frank C Barker offers advice in areas such as lump sum investments and income protection. I wish I had a lump sum to invest, although the traditional arena of the stock market looks very risky. However, the world does not stop completely and people have sums on deposit where they are looking for a better return.

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