Spread Bets, CFDs and Spot Forex Trading on the U.K. Pound

146243 Resource 133514 120646 120646 1161611089762 1161611089762 Controlled U.K. Pound Set to Rise Against Euro in Forex Trading

Spread bets and CFDs could be profitable favouring the sterling

With Britain's economy doing rather well, currency analysts expect that the U.K. pound will likely advance as the Bank of England raises borrowing costs. This is a good time for favourable spread bets on the sterling, as well as buying the pound in spot forex trading. <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aJ7y85xtw72E&refer=currency" target="_blank" title="spot forex market, spot forex trading, spread bets, CFDs, spread betting, Bank of England, borrowing costs, U.K. pound">Bloomberg reports on the pound's likely rise on the spot forex market</a>: <div style="margin-left: 40px;">The U.K. pound may advance against the euro after a report predicted Europe's second-largest economy will grow faster than previously expected this year and next, stoking speculation the central bank will keep increasing rates into 2007. The U.K. currency logged a weekly gain against its European counterpart after two policy makers voted to raise borrowing costs at the bank's latest rate-setting meeting and a report showed the economy grew faster than expected in the third quarter. The ITEM Club said yesterday the U.K. will expand 2.6 percent this year, up from a July forecast of 2.5 percent. ``The market may start to ramp up expectations for a rate hike next year,'' said Jeremy Stretch, a currency strategist at Rabobank Groep in London. ``That can provide the catalyst for more upside on the pound.'' </div> 9 application/xml false Bank of England borrowing costs CFDs spot forex market spot forex trading spread bets spread betting U.K. pound Spread Bets, CFDs and Spot Forex Trading on the U.K. Pound GFT Global Markets offers a variety of spread betting, CFD and spot forex options http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.7) Gecko/20060909 Firefox/1.5.0.7 127.0.0.1 127.0.0.1 mmarquit false true false false true 133514 blog blogsite/GFTUK/web