136506 Resource 133535 120646 120646 1154612796513 1154612796513 Controlled BoE Lifts Interest Rates

Surprise move expected to strengthen U.K. pound

While many analysts expected the Bank of England to keep <a href="http://business.timesonline.co.uk/article/0,,16849-2297519,00.html" target="_blank" title="spread betting, spread bets, ECB, BoE, interest rates, Bank of England, U.K. pound">interest rates</a> the same, the BoE has, in fact, raised them. Interest rates were lifted 0.25 per cent to 4.75 per cent. While British industry is disappointed, this attempt to curb inflation will probably benefit the U.K. pound. <br /><br />Likewise, the ECB lifted European interest rates. The euro is responding favorably to the move.<br /> 9 application/xml false Bank of England BoE ECB interest rates spread bets spread betting U.K. pound Place spread bets on how various currencies will perform http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.5) Gecko/20060723 Firefox/1.5.0.5 127.0.0.1 127.0.0.1 mmarquit false true false false true 133535 blog blogsite/GFTUK/web