The champagne goes to, pause for effect, Denise Abell- Parker and Natasha McDonald. We had a great response to the Bristol and West question but only two correct answers- 1990. Ladies your champagne will be with you shortly.
There was a slightly serious point to the question which was to remind us all that it was not that long ago when interest rates were ridiculously high which was great for savers but disastrous if you were a borrower. Of course today the opposite is true, if you are paying a mortgage low interest rates are great but if you are, for example, approaching retirement they are not so good. According to some pundits the Bank of England is moving closer to a rate cut because of concerns about the world financial outlook. The reduction could be from 0.75% to 0.5%.
So here we are again having to choose Mr Corben or Mr Johnson. I find that I am totally unable to decide between them. When I put my logical head on and consider what the impact on the UK market is likely to be the answer has to be Mr Johnson on the other hand does he always tell the truth. But if I choose Mr Corben I feel that the economy will be adversely impacted, but he seems to be true to his convictions. Is the Monster Raving Looney party fielding a candidate in my ward !!! I know that I could go with the Liberal Democrats and I have to say I am tempted.
Moving overseas rumour has it that the fisticuffs between Washington and Beijing may be lessening with the possibility of trade deals being signed in the next few weeks. This would of course have a direct impact on markets around the world.
All the major markets had a positive week. In Europe the CAC40 put on 2.22% closely followed by the Hang Seng at 2.03%. The FTSE100 was just in positive territory but with the shenanigans in the UK this was a good result.
Market movements of the week
FTSE 100 up 0.78%
DOW JONES up 1.22%
NASDAQ up 1.06%
S&P 500 up 0.85%
NIKKEI up 2.37%
HANG SENG up 2.03%
SHANGHAI up 0.20%
CAC 40 up 2.22%
DAX up 2.06%