Interest Rates in the UK

... have been dramatically cut by 1.5%. That's on top of the 0.5% drop last month.

For people on "certain type" mortgages, this will be a definate welcome with regard to disposable income. And, there's more to come I'm sure.

They are even more lower then the EU now, which I have never known before. And the lowest in the UK since 1955.

What relevance you may ask - I'll leave that to you if it applies!

I suspect the pound may fall further as a result of this.

I think the UK pound has already taken it into account, a while ago, in fact I think it has taken it into account for future rate cuts also. Although, there aint many more places that one would invest their money, currency wise I mean, a lot of countries are offering low interest rates now, i.e. Europe, US - although people are putting their money into the US for other reasons i.e. the dollar is allegedly a safe currency.