Spread Bets and CFDs on Bank of England Interest Rate News

158820 Resource 133535 120646 120646 1171464100665 1171551214684 Controlled Despite Weaker Inflation Data, The Interest Rate News Favours a Hike

Spread bets and CFDs should favour one more interest rate hike

The Bank of England is signalling that it will raise interest rates in the second quarter this year. <a style="font-family: verdana,arial,helvetica,sans-serif;" title="spread betting, contracts for differences, interest rate news, interest rate hike, spread bets, CFDs, Bank of England" target="_blank" href="http://today.reuters.co.uk/news/articlebusiness.aspx?type=businessNews&storyID=2007-02-14T125853Z_01_L14445284_RTRUKOC_0_UK-BRITAIN-INFLATION.xml">Spread betting and contracts for differences should favour the rate hike</a>, which is expected to take rates to 5.5 per cent. This move is likely to come despite the data on slowing inflation. Reuters reports: <div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;">Its prediction assumed interest rates rise to 5.5 percent in the second quarter. The Bank forecast CPI inflation would clearly overshoot the 2 percent target if rates were held at their current 5.25 percent. "For now the message is clear -- the BoE is anticipating a further tightening and will see how the land lies thereafter," said Daragh Maher, strategist at Calyon.</div> 9 application/xml false Bank of England CFDs contracts for differences interest rate hike interest rate news spread bets spread betting Spread Bets and CFDs on Bank of England Interest Rate News Spread betting and contracts for differences on world interest rate performances http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.9) Gecko/20061206 Firefox/1.5.0.9 127.0.0.1 127.0.0.1 mmarquit false true false false true 133535 blog blogsite/GFTUK/web