Excerpt from: Spot Forex
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| August 14, 2008 | | Spread bets and CFDs on the British interest rate | Spread betting and contracts for differences on British rates should consider that there are rumours that the Bank of England is preparing to cut them.
As early as next month.
With the British economy floundering in deep trouble, the Bank of England might be deciding that the best move to help stimulate the economy is to go ahead and cut British rates.
The news, of course, has affected the sterling rather negatively in forex trading.
| Topic Tags: British rates, CFDs, contracts for differences, forex trading, spread bets, spread bets interest rate, spread betting, spread betting British rates, sterling forex trading | |
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