Excerpt from: Spot Forex
|
 |
| January 05, 2009 | | Spread bets and CFDs on U.K. rates | Spread betting and contracts for differences should consider that U.K. interest rates are expected to fall below 2% this week. This will market the lowest interest rates ever in the history of the Bank of England -- a history that spans 300 years.
The lower interest rates are meant to help stimulate the British economy, which is suffering profusely from the global financial crisis. Problems are especially apparent in the U.K. housing market, which is a rather important part of the British economy. There are hopes that lower interest rates will lead to more real estate investment.
It is also hoped that lower U.K. rates will also provide a catalyst for increased consumer borrowing and spending, leading to better consumer confidence and recovery for retail sales.
| Topic Tags: Bank of England, British economy, CFDs, contracts for differences, interest rates, spread bets, spread bets U.K. rates, spread betting, spread betting interest rates, U.K. rates | |
|
|
