Re: Re: Pound above 1.2 Euros for first time since November 2008

#99789
adiep
Participant

Richard, the problem for the UK these days is that a vast majority of the debt is in some way index linked.

See the chart – http://blogs.telegraph.co.uk/finance/files/2010/06/ukdebtmarket.jpg

Pension funds tend to be index linked, as are of course index linked bonds.

Bit of a pain really, but looks like we’ll have to work off most of it.