Quote:
Originally Posted by Ignitionnet
Well, there's that, there's things like this:
And various other indicators. The sum of that data pushed the BoE into acting to try and get stimulus into an economy that was already faltering somewhat.
The PMI is accurate far more often than not. Where it and GDP disagree it's usually GDP that is adjusted.
None of this is in any way unexpected, indeed the situation is somewhat more rosy than the apocalypse that we were told we would be in for. Still, whatever you need to tell yourself. 
https://www.youtube.com/watch?v=StTqXEQ2l-Y
---------- Post added at 18:17 ---------- Previous post was at 18:14 ----------
The pound dropped because interest rates dropped. It's pretty simple: interest rates dropped which lowered returns on a bunch of investments denominated in Sterling so people withdrew their money.
Nothing at all to do with perceptions, entirely factually based. |
Why would sales in JUNE be affected by the referendum towards the end of that month?
Interest rates dropped in part because the PREVIOUS drop in the Pound and that was from the self-fulfilling prophecy of the scare mongers.