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trend sideways

English translation: Were unchanged

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10:29 Jan 9, 2003
English to English translations [PRO]
Bus/Financial / fund report (fixed income)
English term or phrase: trend sideways
Does it mean that the rates didn't change much? "During the fourth quarter of 2002, while pressure on interest rates remained firmly on the downside in the US and euro zone, UK money market rates trended sideways and longer-dated gilts traded a volatile range."
Johanna Holmberg
Local time: 07:50
English translation:Were unchanged
Explanation:
Basically your understanding is correct, and indeed in the UK interest rates were unchanged throughout Q4.

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Note added at 2003-01-09 10:38:48 (GMT)
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As this refers to money market rates which showed very small variations around the unchanged \"base rate\" another possibilities might be:

- remained near constant
- showed only minor variations
- hardly changed
Selected response from:

Peter Coles
Local time: 06:50
Grading comment
Thanks very much!
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +6Were unchangedPeter Coles


  

Answers


2 mins   confidence: Answerer confidence 5/5 peer agreement (net): +6
Were unchanged


Explanation:
Basically your understanding is correct, and indeed in the UK interest rates were unchanged throughout Q4.

--------------------------------------------------
Note added at 2003-01-09 10:38:48 (GMT)
--------------------------------------------------

As this refers to money market rates which showed very small variations around the unchanged \"base rate\" another possibilities might be:

- remained near constant
- showed only minor variations
- hardly changed


Peter Coles
Local time: 06:50
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 47
Grading comment
Thanks very much!

Peer comments on this answer (and responses from the answerer)
agree  Arthur Borges: It MUST mean this -- what creepspeak Journalese, tho!
3 mins
  -> Thanks Arthur. Yes, it's downright ugly.

agree  Sarah Ponting
8 mins

agree  Marie Scarano
16 mins

agree  Ralf Lemster: ...were more or less unchanged = moved within a narrow range
20 mins
  -> Yes, these would work too

agree  Steffen Walter
21 mins

agree  AhmedAMS
198 days
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