| The UK has been in some hot water lately with | | | | 2008 was up... their interest rates were almost zero. |
| respect to their currency. with the eventuality of the | | | | They aren't very far away from zero at this point, and |
| recession settling in like a storm over the island, it is | | | | other financial stimulus packages have started up the |
| starting to look like they are going to be out of the | | | | economy, in many instances more effectively than |
| thick of it before any other industrialized country. | | | | than their sisters across the ocean, despite a large |
| However, there are some indicators that you may | | | | amount of external and internal criticism of their |
| have to pay attention to in order to time the market | | | | actions. |
| right... | | | | It is hard to talk about the UK without at least |
| The Bank of England can easily be described as an | | | | mentioning their economic behemoth neighbors, |
| aggressive bank with respect to trying to save their | | | | Germany. While early in 2009 they were very |
| financial system. It has been constantly cutting interest | | | | reluctant to artificially stimulate the economy, they |
| rates in order to keep the economy borrowing and | | | | ended up doing so by attacking the interest rates, just |
| spending, much like its counterparts in the United | | | | as England had been doing all along. This has |
| States. While the rates have actually increased since | | | | promoted an effect on the Euro that has steadied it |
| the beginning of 2009, the only way they had following | | | | over the last year. |