Excerpt from: Bonds and Interest Rates CFDs and Spread Bets
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| January 23, 2008 | | Spread bets and CFDs on U.K. interest rates | Economic news and downward pressure in the housing market are likely to lead to cuts in U.K. interest rates. The Bank of England has been holding off on making changes to British rates, but at some point the MPC will have to bow to the inevitable. Bloomberg reports on the likelihood of lower U.K. interest rates:
``Everything that comes out of the U.K. is
slanted to the downside, meaning that we'll have to start seeing
some very aggressive rate cuts. The BOE will have to go lower and
faster.'' | | |
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