The pound has reached a 4 month high against the Euro

The pound yesterday reached €1.1455, a level not seen since last October, good news for those planning half term breaks and skiing holidays!

The rise was on the back of a record jump of consumer prices released by the Office for National Statistics, up from 1.9% in December to 2.9% in December. This saw the pound climb from €1.1382 to €1.1455.

This hike in inflationary figures has persuaded the markets that the scheme of printing more money, quantitative easing, has done its job and that the Bank of England’s monetary policy committee could be forced to raise base rates sooner than expected.

Kenneth Broux, market economist at Lloyd’s Banking in London said ’All the inflation measures were up. It’s going to be very hard for the BoE to continue quantitative easing.’

20th January 2010

2010
February
26th House Prices Falling Again
11th Bank of England Spreads A Forecast Of Gloom
6th Bank of England Stops Printing Money
3rd Halifax Refusing Cheap Deals To Home Movers
January
20th UK Banks Might Face Insurance Levy
13th Credit Card Intest Rates Up
11th 6% Have Paid Mortgage With Plastic
8th Bank May Be Forced To Raise Interest Rates
7th Interest Rates Frozen
6th Iceland Cold On Payback
4th Virgin Money Might Attempt To Buy ’Good’ Northern Rock
2009
December
30th Land Registry Shows 0.9% House Price Increase
22nd OFT Throw In The Towel
21st OFT To Abandon Bank Charges Case?
18th OFT To Announce Next Bank Charges Step
16th Halifax Customers Vote With Their Feet Over Bank Charges
November
25th OFT Loses Bank Charges Battle
25th More Families Investing In Safes
23rd The End Of The Cheque
October
12th First Time Buyers Suffer Compared To Existing Mortgage Holders
September
30th Is The 90% Mortgage Making A Comeback?
29th Summer Mortgage Increases Halted
23rd Summer Jump In Mortgage Lending
18th Mortgage Lending Down
16th Inflation at 5 year low
16th More Premium Bond Winners
10th Interest Rates Held
6th Buyers Beware Of Stamp Duty Freeze
2nd Negative Net Borowing
June
13th Less mortgages for first time buyers
January
8th Record Low For Base Rates
2008
December
5th Base Rate Chopped, More Expected
1st RBS Pledge on Arrears
1st Base Rate To 2%?
1st Mortgage Lending Crashes
November
28th House Prices Fall 10%
21st Home Sales Rise
21st 1.3m Homeowners Stuck
12th Tracker Rates Rising
6th Lowest Rates In 53 Years
5th Pressure for 1% Cut
October
20th Libor Rate Falls
14th No Change For Libor Rate
8th Bank Of England Shock Rate Cut
2nd Pressure For Rate Cut
September
30th 10% of Mortgage Deals Axed
30th Libor Rate Jumps
29th Lloyds Latest To Raise Its Rates
29th Mortgage Lending Drops 98%
26th More Banks Raise Cost Of Borrowing
26th Rate Cut On The Horizon
25th HSBC Charges First Time Buyers More
23rd Rate Cut Was On The Horizon
22nd Banking Chaos Could Increase Mortgages
18th Lloyds To Take Over HBOS
15th More Housing Rescue Fears
11th Barratt Insures House Prices
9th Estate Agents Sell 1 Home Per Week
8th Rate Cuts Could Come...