Excerpt from:  Spot Forex
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October 13, 2008

Libor Finally Drops

Spread bets and CFDs on interest rates
Spread betting and contracts for differences on where the Libor will go next should consider that the rate has finally dropped a bit.

The movement by the Libor came after an earlier announcement that the European and British governments are planning on shoring up banks.

Efforts to stymie the financial crisis are seen as confidence-building measures that will increase liquidity, as well as help keep banks from failing.

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Topic Tags:  CFDs, contracts for differences, Libor, Libor rate, spread bets, spread bets interest rates, spread betting, spread betting Libor

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