cf. infra

English translation: reduced - cut back slightly

16:29 May 24, 2005

English language (monolingual) [PRO]
Bus/Financial - Finance (general) / Exchange rates

English term or phrase: cf. infra

"Sterling has recently sold off against the euro as the market pared back its expectations of future UK interest rates"

I'm a little bit lost with this sentence. Could someone explain/reword it to/for me please?

The verb "pare back" does not appear in any of my dictionaries....

Did the market expect higher uk interest rates or lower uk interest rate?

Any help would be greatly appreciated

Michel A. KudoZ activity Questions: 406 (1 open) (71 closed without grading) Answers: 4299
Local time: 16:42

Selected answer:reduced - cut back slightly

Explanation:
as the market reduced (cut back slightly ) its expectations

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Note added at 6 mins (2005-05-24 16:36:03 GMT)
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Pare Verb
1. Decrease gradually or bit by bit.
2. Cut small bits or pare shavings from; \"whittle a piece of wood\".
http://www.websters-online-dictionary.org/definition/english...

Selected response from:

RHELLER
United States
Local time: 14:42

Grading comment

Thanks to all

Of course I looked in the Webster & in the EOD too, but I thought "to pare BACK" might have a specific meaning... Thanks anyway ;-)
2 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +3

reduce

Angela Dickson (X)

4 +2

reduced - cut back slightly

RHELLER

decrease bit by bit

Clare Barnes

Discussion entries: 1

Answers

5 mins confidence:

peer agreement (net): +3

pare back reduce

Explanation:
pare back = reduce. To pare is to peel i.e. an orange, or to carve wood - so paring back is making something smaller, and par ext...

so in this case, the markets had lowered their expectations of UK interest rates - and sterling was sold off as a function of this lowering of expectations.

hope this helps.

Angela Dickson (X)
United Kingdom
Local time: 21:42
Native speaker of: English

5 mins confidence:

decrease bit by bit

Explanation:
To pare something is to decrease it bit by bit. You usually talk about paring fruit - peeling them. The market reduced its expectations... as to whether that's higher or lower interest rates, I'll leave that to someone else!

Clare Barnes
Sweden
Local time: 22:42
Works in field
Native speaker of:

English
PRO pts in category: 8

3 mins confidence:

peer agreement (net): +2

"pare back"

reduced - cut back slightly

RHELLER
United States
Local time: 14:42
Native speaker of:

English
PRO pts in category: 6

Grading comment

Thanks to all

Of course I looked in the Webster & in the EOD too, but I thought "to pare BACK" might have a specific meaning... Thanks anyway ;-)

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