Excerpt from: Spot Forex
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| November 20, 2008 | | Spread bets and CFDs on interest rates | Spread betting and contracts for differences on central bank rates from around the world is about to get more interesting. It appears that we are in a race for the bottom.
With Japanese rates sitting at 0.3%, new contenders are entering the ring. The Swiss National Bank slashed its rate by 100 basis points today. Earlier, the Bank of England made its own dramatic 150 basis point cut. And the European Central Bank says it's not averse to more rate cuts.
But will the U.S. top them all? Perhaps. Right now, JP Morgan is predicting that the Fed rate will reach 0% by February.
| Topic Tags: CFDs, contracts for differences, Fed 0%, interest rates, spread bets, spread bets interest rates, spread betting, spread betting rates, Swiss National Bank rate | |
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