May 24, 2005 16:29
19 yrs ago
9 viewers *
English term
cf. infra
English
Bus/Financial
Finance (general)
Exchange rates
"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
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
Responses
| 4 +2 | reduced - cut back slightly |
RHELLER
|
| 4 +3 | reduce |
Angela Dickson (X)
|
| 3 | decrease bit by bit |
Clare Barnes
|
Responses
+2
3 mins
English term (edited):
"pare back"
Selected
reduced - cut back slightly
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...
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Note added at 6 mins (2005-05-24 16:36:03 GMT)
--------------------------------------------------
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...
2 KudoZ points awarded for this answer.
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 ;-)"
+3
5 mins
English term (edited):
pare back
reduce
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.
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.
Peer comment(s):
| agree |
cmwilliams (X)
45 mins
|
| agree |
Balasubramaniam L.
8 hrs
|
| agree |
Alfa Trans (X)
15 hrs
|
5 mins
Clare Barnes
Sweden
Sweden
Native in English
&
English
Works in field
Sweden
Targeted translations, punctual delivery
Native in: English 
Works in: Swedish to English, English, Norwegian to English, and 1 more.
Related KudoZ points
:
8
decrease bit by bit
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!
Discussion