22nd November 2007, 03:47 PM
MMMMM. Depends. Markets are fairly skitish at the moment. Investers are pulling money out of the States and placing it in traditionally more stable/secure areas. Depends how *its up the American economy goes, how much the UK has generally invested in the USA and the ripple effect on the UK markets.Banks here are already paying more to borrow money from each other and that will definately be passed on to the bank customers. Though there are figures showing a fall in demand for new build property in the UK.