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Originally Posted by Binky Bainbridge  Fed rate 2%, Bank of England rate 5%. Who's got it right? I believe the Fed has, the BoE is too cautious and conservative in its approach and we, the people of Britain, will end up paying the price for this reluctance to take decisive action when required. |
Have you compared the value of the US dollar against the British Pound or the Euro lately? It's a good time for a Brit to vacation in the USA, not vice versa. While the difference in discount rates is not the entire reason, it is a significant part for the disparity in the two currencies