AVG australian vintage ltd
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I had a feeling something would stem the bleed (gradual decline)...

  1. andy_verce
    1,402 Posts.
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    26/09/17
    02:31
    Post #: 27450921
    I had a feeling something would stem the bleed (gradual decline) of the Sterling.  They're hinting that this could Current (BoE) Bank Rate increase ??  If the currency improves and sales into China through both distribution channels exceed expectations.. I'll be happy.  Not long till Christmas and half yearly.  GLTA

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    http://www.bankofengland.co.uk/Pages/home.aspx

    Key Facts
    Column 1 Column 2
    0 Current Bank Rate 0.25%
    1 View past decisions Next due:2 Nov 2017
    2 Quantitative Easing Asset Purchase Programme £435 bn
    3 More information Next due:2 Nov 2017
    4 Corporate Bond Purchases £10 bn
    5 More information  
    6 Current Inflation 2.9%
    7 Target 2.0% Next due:17 Oct 2017

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    https://www.theguardian.com/busines...-a-consumer-debt-crisis-could-cost-banks-30bn

    “Today’s action goes further than the red-flag waving we’ve seen from the FPC up until now,” said Ruth Gregory, UK economist at Capital Economics. But, she said it was unlikely to slow the economy or prevent interest rates being raised from their 0.25% historic low in November.

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    AVG Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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