Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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Expecting GBP strength out of the BoE
Core CPI on Wednesday last week came in at 2% vs 1.5% y/y expected. That is the BoE’s target. Now we know by now that when you say ‘high inflation’ you reply, ‘transitory’. However, the spike higher does not hurt the expectations for bond tapering at today’s meeting. House prices rising Andy Haldane said that the UK housing sector was ‘on fire’. In fact, the UK’s Nationwide house-price index has printed a 1.8% increase in May on top of the 2.1% jump in April. The yearly rate has sped up to 10.9% year over year vs 7.1% in April and 6.4% in April. A hot property market can be cooled by simply rising ... (full story)
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Hope everyone gets green pips