Quantitative Easing QE- are we done?

Today the markets are be focused upon the interest rate decisions from the Bank Of England and the European Central Banks. 
First up is the BoE- the markets will be waiting to see what the MPC do with QE- the UK asset purchase scheme. Will they hold firm at the current level of £200 billion? Will they expand by a further £25 billion? Or will they signal the completion of the asset purchase- or at least pause? 
There are valid arguments for all scenarios, however I feel that the most likely scenario is that the Bank will not extend now but leave the door open for future extension if deemed necessary. For sterling any signal on further extension would be negative and any closure or pause should be positive.

For the ECB the statement after the meeting will be all important and the situation in Greece, Spain and Portugal will be scrutinized. Trichet usually dances through tough questions without giving too much away so we are not likely to get any major surprises here. 

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Pre budget nerves for sterling

The Pre Budget Report will set out government plans for tackling the UK deficit and also define growth forecasts. 
A big factor will be how the government plans to reduce the deficit which is a major issue for the UK economy and the next government- expect lots of political sabre rattling as Darling attempts to set out a fiscal election strategy. 
The labour government has promised to cut the deficit in half within 4 years and the market will want to see a viable plan for this to give comfort to sterling. 
Other items could include a change in the growth forecasts, cuts in spending and increased taxes- possibly on bankers bonuses or even banking institutions…Darling says his plan will maintain credibility with investors, while protecting people most vulnerable to the recession- it needs to.

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Dubai still grabbing the headlines

The Dubai furore continues and undoubtedly will do so for some time; the market seems to have contained the news with a rally in Asian stocks and US stocks steady yesterday. 
What we do know is that if Dubai World defaults then lenders will have to take the hit, however the market feels this is unlikely. As UK banks will be the hardest hit in this eventuality, then sterling has remained soft as the USD gives up its gains. Let us see if the pound can start to play catch up today- it is certainly out of the blocks well.

There were other things happening in the world although they all took a bit of a back seat. Most important was the result of and action that followed the Monetary Policy meeting in Japan this morning. Interest rates were, as expected, left unanimously at 0.1% but the market was surprised by the announcement of a Yen 10 trillion injection of funds into the economy to attempt to stave off the ongoing deflation in the country. 

The cash would be introduced to lenders and be backed by JGBs, Corporate Bonds and Commercial Paper. The Yen dipped initially, recovered a tad and then eased again- nothing substantial but a move in the right direction as far as the Government is concerned.

The Reserve Bank of Australia, as predicted, raised their official rate by 25 basis points to 3 3/4% completing a hat-trick of interest rate rises- a first for the central bank. 
The Aussie remained very quiet with both the decision and the comments that followed widely anticipated. The Nationwide BS in the UK this morning released data that indicated house prices had risen by 0.5% in November and a slightly more sustainable 2.7% on the year. 
No real reaction from the FX markets although this data will help consolidate the Pound.

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What will the impact of the situation in Dubai be?

Well so far, nobody is really sure. Given that both Abu Dhabi and the UAE Central Bank have quickly come forward to assure markets of their support for the beleaguered Emirates State, then the financial impact should be quite minor. 
Certainly, there will be repercussions for Western lenders and there is no guarantee that Dubai’s ‘fairy godmother’ will stand behind its liabilities carte-blanche but equity markets are viewing the situation as containable.

The potential problem is any growth in concern over global Sovereign stability and the fact that CDS spreads have continued to widen suggests that even though things look calm on the surface, there is a lot of thrashing about below the surface. 

If things do begin to look a little dire, then expect the Dollar to come back into focus as risk aversion trades re-emerge.

Despite markets starting to draw their horns in for the run up to Christmas, there might be just time for one more spate of trading especially if the support for Dubai offered from the UAE Central Bank is less rather than more. 

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Wise Money supports Every Click the Search Engine Charity

Wise Money supports everyclick.com, the search engine that helps charity. Everyclick.com donates half of its revenues to charity and it doesn’t cost you or the charity you choose to support a penny.

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Everyclick provides all 200,000 UK registered charities with a comprehensive range of ways to fundraise online without any upfront cost.
With Everyclick more of the money donated goes to Charity; every £10 donation turns into £12.20 for the selected charity if Gift Aid can be reclaimed. There is a flat 4.8% fee taken on all credit and debit card transactions.
How companies can fundraise
We currently have 5,873 companies who use Everyclick as their preferred online fundraising resource. Everyclick helps them build brand values and awareness, enhance Corporate Social Responsibility (CSR) credentials and provide a focus for staff fundraising as well as supporting their favourite charity.
Companies may decide to launch an appeal, for instance for a staff challenge or other fundraising event. Their staff can use Everyclick to build a fundraising page, attract sponsors and keep track of their progress.
School fundraising ideas
Schools, colleges and universities can use Everyclick to help with school fundraising. They can launch an online appeal, enabling charity donations as pupils, staff and supporters search the web, shop online, donate cash or organise sponsorship for fundraising events.
If your school or university is a charity in its own right then your pupils, staff and supporters can become fundraisers, generating income from a sustainable source with minimal cost or effort.
Which charitable organi
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Wise Money- OFT licenced websites

Office of Fair Trading (OFT) Licenced websites

The Office of Fair Trading (OFT) on 24 October 2008 licenced our following websites under the UK’s Consumer Credit Act 1974 for the purpose of marketing for loans in the UK. The Licence Number is 442874.
They are part of the WiseMoney.com Ltd group of websites. Which are focussed on financial services and helping people with their money matters primarily in the UK.
WiseMoney.com Ltd is committed to providing great value financial services. So as well as being licenced by the Office of Fair Trading, we are also registered with the Information Commissioner, registration number Z5407728.
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WiseMoney.com Awards

WiseMoney.com Ltd has already achieved the following accolades:

  • Simon Dye the founder and Chairman of WiseMoney.com Ltd had his Chartered Marketer status confirmed for the tenth consecutive year by the Chartered Institute of Marketing, July 2008.
    Chartered Marketer
  • Simon Dye the founder and Chairman of WiseMoney.com Ltd was awarded a Fellowship by the Chartered Institute of Marketing, October 2007.
  • Simon Dye the founder and Chairman of WiseMoney.com Ltd was elected as Chairman of the Chartered Institute of Marketing’s Market Industry Board, January 2007.
  • Simon Dye the founder and Chairman of WiseMoney.com Ltd was elected as Chairman of the Chartered Institute of Marketing’s South West of England and South Wales’s Regional Board, January 2005.
  • Simon Dye the founder and Chairman of WiseMoney.com Ltd was awarded the Winner of Business Link Gloucestershire’s Lifetime e- Business Award, November 2004.
Business Link's logo
  • The first and only financial services website that meets the SafeBuy Assurance Scheme for web-based retailers- and is endorsed by TrustUK, the industry self-regulatory body set up by the Consumers’ Association and the Alliance for Electronic Business, supported by the UK Government, October 2003.
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  • Upgraded to a Four Star “Very Good” Star Rating by the international Shop Safe consumer guide for online shoppers- they only list online shops that meet their code of practice along with the best deals and bargains, September 2003.
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  • Awarded a Golden Web Awards for the years 2003- 2004 which was presented by the International Association of WebMasters and Designers, August 2003.
Golden Web Award
  • First ecommerce organisation to successfully pass the new upgraded Investor In People review and recognised as continuing to meet the requirements of the national Standard for effective Investment In People, May 2003.
Investor In People
  • Declared to be “Highly Recommended” in Business Link and the South West of England’s Smart Thursday’s e-Xemplar for helping local businesses to make online marketing profits, December 2002.
  • Shortlisted as one of three finalists by the British Business Awards Association for their “Excellence in Marketing” awards, November 2001.
  • Shortlisted as one of three finalists by the British Business Awards Association for their “Investors In People” awards, November 2000.

  • Three page feature article written by the Editor in the “Investor In People” magazine in Autumn 2000.
  • Showcased in the book “Here’s to the best of British” published by the Design Council in September 2000.

  • “Internet Magazine” reviewed the leading financial services web sites in the UK and ranked WiseMoney.com to be one of the top seven in April 2000.
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    • Investors In People awarded by Business Link for our unique approach to staff development in March 2000.
    • The Design Council and the Department of Trade & Industry awarded WiseMoney.com as the first retail Millennium Product website in August 1999.

    • FIND the leading UK financial information website- awarded WiseMoney.com as “FIND.co.uk’s” Website of the Week on July 1999.

    • Which Online of the “Consumers’ Association” first passed WiseMoney.com for selling financial services in July 1999.

    • The Department of Trade and Industry in their “InterForum E-Commerce” awards commended WiseMoney.com for “demonstrating an exemplary use of electronic commerce” in June1999.

    The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

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WiseMoney.com Ltd- information about us:

WiseMoney.com Ltd – Corporate Profile- information


WiseMoney.com is a free, independent online finances resource whose intention is to simplify the complicated world of finance and to save you time, money and worry in the process by comparing the best finance companies for you from around the world. 
We aim to simplify the financial services world and to help make you safe and secure with the personal touch.

WiseMoney.com homepage

We are based in England, UK and we adhere to all of our local legal requirements- which includes the Data Protection Act 1998 and this means that “This organisation is committed to upholding the eight Data Protection Principles of good information handling practice”. We also apply this process where ever you live in the World.
Why should you join Wise Money?

· You can compare services form over 450 insurers and 350 lenders and apply online right now
· You are dealing with one of the most successful companies in the UK
· You are dealing with one of the largest independent international brokers providing financial services
· You will be treated as an individual with courtesy and care
· You will receive FREE help from experienced, trained assistants
· You will be joining tens of thousands of satisfied clients
· You will receive world class service

Wise Money.com Ltd – Our Philosophy

We were founded and launched in 1998 by Simon Dye MBA,DipM,MCIM, MAMA- a Chartered Marketer with decades of expertise in the marketing and financial services sectors who also created our philosophy:
Our pledge to you:
· To offer our visitors the best value financial services available
· To make financial services simple and straightforward
· To provide visitors with a resource where we actually care about helping you with your finances, whether you are a multi-millionaire or someone who is looking for ways to get counseling for bad debts which are ruining their lives.
Investors
WiseMoney.com Ltd. is currently a 100% privately owned company which has developed from purely organic growth and reinvested profits. We are not currently seeking external investment.

Company Details
Our registered Office is in England, UK- Registered Number is 3506015
at 24 Charlton Drive, Cheltenham, Glos GL53 8ES, UK.

Consumer Credit Licence Number- 442874
Data Protection Registration Number- PZ5407728

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Unsecured Loan through Wise Money in just 24 hours!

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Tenant Loans through Wise Money- delivered to your UK door in 24 hours!

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Our lenders arrange unsecured credit and finance, whatever your credit history. We arrange credit for anybody, even those knocked back by high street lenders or suffering with bad credit problems such as CCJs, defaults or mortgage arrears.
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Who are non secured finances designed for?
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Who can apply for finance?
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