Wednesday, November 11, 2009

Better unemployment figures

Unemployment in the UK is still increasing, but at a slower rate than expected, which is, er, good news.
So, a cause for celebration - more people have lost their jobs, but that's less than we thought.

Ok so I am being facetious. Even so, on the one hand this seems to be regarded as being good news for the economy, whilst on the other hand, Fitch, the credit ratings agency has said that the UK is in danger of being downgraded.

Quite how this all impacts interest rates home and abroad, and the exchange rates, remains to be seen. What does seem clear is that the period of uncertainty for mortgage holders in Spain, France and Portugal is set to continue. Thanks for reading.

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