Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| August 03, 2006 | | Surprise move expected to strengthen U.K. pound | While many analysts expected the Bank of England to keep interest rates the same, the BoE has, in fact, raised them. Interest rates were lifted 0.25 per cent to 4.75 per cent. While British industry is disappointed, this attempt to curb inflation will probably benefit the U.K. pound.
Likewise, the ECB lifted European interest rates. The euro is responding favorably to the move.
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