Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| May 10, 2007 | | Spread bets and CFDs on future rate increases | The Bank of England has raised interest rates to 5.5 per cent today, and is expected to continue to tighten its monetary policy. Bloomberg offers information that could be useful for spread betting and contracts for differences:
``While there's no cause to panic, the bank still has issues
to deal with, and they will be sorted out by tightening the
monetary screws some more,'' said Philip Shaw, chief economist at
Investec Securities in London. ``We see rates moving to 5.75
percent in July, but we wouldn't rule out a hike next month.'' | | |
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