Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| September 07, 2006 | | Sterling continues its decline | | The Bank of England decided not to raise the benchmark interest rate earlier today, and the sterling continues to falter on the news. The pound is down against both the U.S. dollar and the euro in currency trading. Additionally, combined with the news of a Labour Party revolt against P.M. Tony Blair, the interest rate news indicates that spread bets regarding the pound should short the sterling. | | |
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