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    Help to Buy puts mortgage market at risk, says King

    Stephen King, the global chief economist of HSBC and author of When The Money Runs Out, has dented hopes that Mr Carney will return the country to prosperity. He is “not likely to have much of an impact”, Mr King said. Mr King warned: “Mr Carney's

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    A more gradual way to reduce risk: Direct that your future contributions go to safer alternatives, such as money market funds. • If you're investing in off the sell trigger. If you add set amounts to your account regularly, you'll buy more shares

Money Market Hedging of Receivables

An explanation of currency hedging in money markets by a U.S. exporter.



Help to Buy puts mortgage market at risk, says King - Telegraph.co.uk

“We will need to do more to use up the spare capacity, and to get back to a healthy, growing economy. But we are in a recovery period now, I think, yes.”

Meanwhile, a leading economist has warned that Britain is as toxic as “kryptonite” and may prove to be too damaged for incoming Bank Governor Mark Carney to fix. Mr Carney takes over from Sir Mervyn on July 1. Stephen King, the global chief economist of HSBC and author of When The Money Runs Out, has dented hopes that Mr Carney will return the country to prosperity. He is “not likely to have much of an impact”, Mr King said.

Mr King warned: “Mr Carney’s biggest problem is he’s managed to end up with this image of being like a monetary superman. And when he gets to Britain he may discover there are large amounts of kryptonite that will actually reduce his powers quite significantly.”

Mr Carney has insisted monetary policy is not “maxed out” , but Mr King said his big idea – of using “guidance” to manage interest rate expectations – was unlikely to be very powerful. “[It’s] difficult to know exactly how that might work because everyone knows already that rates are likely to remain lower for a very long time, so it’s not likely to have much of an impact on expectations,” Mr King said.

Signs that the economy has turned the corner, as the Bank forecast last week , are expected to be reinforced by official confirmation on Thursday that GDP grew by 0.3pc in the three months to March.

The International Monetary Fund is also expected to deliver its review of the UK. It may follow through with its threat to demand that George Osborne slow the pace of austerity to restore growth and get the public finances under control.

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