Well, that the markets do (of which the banks' market traders are a part but not the only part). But overall, yes. Another way of looking at it - or an additional consideration, really - is that the … (View Post)

Because banks lend in reference to market rates. These are often tied to the BoE base rate (which is the rate the BoE returns to banks for their money lodged with the BoE), but not always. Market rat… (View Post)

Presumably Ukraine is also making its own? And there will be supplies from elsewhere too. So at worst it's a 2:1 deficit and probably not all that far off parity. At the low point (last winter, IIRC)… (View Post)

Wears a frock and a big hat? (View Post)

It's perfectly possible to hate Trump as an individual and as a politician but still to say, as a matter of political analysis, he was the more capable candidate. That second point doesn't mean someo… (View Post)