Excerpt from: Spot Forex
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| August 20, 2008 | | Spread bets and CFDs on British interest rates | Spread betting and contracts for differences on Bank of England rates should consider that the Monetary Policy Committee remains stubbornly committed to avoiding an interest rate cut.
Indeed, thoughts that a cut to British interest rates might be seen as early as September are starting fade in light of the minutes from the most recent MPC meeting.
Currency Thoughts reports this about the thoughts behind this month's split (though heavily in favour of keeping rates steady) interest rate decision:
The August minutes express greater confidence in the
correctness of that decision, thus suggesting that a 5.0% rate will be
maintained at the upcoming September meeting and indeed possibly
throughout the fourth quarter. | Topic Tags: British interest rates, CFDs, contracts for differences, minutes MPC, MPC meeting, spread bets, spread bets interest rates, spread betting, spread betting Bank of England rates | |
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