Those with currency investments should take note of the decision to keep UK interest rates on hold at five per cent, one expert has claimed.
Marc Cogliatti, currency strategist at HiFX, explained that the move could result in an increase in the value of Sterling on international markets - good new for those with investments.
He said: "In light of huge increases in pipeline inflation and reports of rising prices in many sectors, the monetary policy committee has chosen to maintain a gradual approach to monetary easing, avoiding back-to-back cuts for fear of de-anchoring inflation expectations."
Mr Cogliatti added that an increase in the strength of Sterling should be good news for British companies who have struggled because of its recent weakness - something that might help people with investments in other sectors of the British economy .
Yesterday, investment firm Edward Jones claimed that people who are looking to profit from increases in the stock market need to take a long-term approach to the situation.
Interest rate decision could boost Sterling investments
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Interest rate decision could boost Sterling investments
Fri, 09 May 2008
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