164509 Resource 133514 120646 120646 1175694196557 1175694196557 Controlled U.K. Pound Up on Spot Forex Market Sterling up as interest rate hike is expected <font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">Currency analysts are expecting an interest rate high from the Bank of England as early as tomorrow. The U.K. pound is up on the spot forex market on the news, and spread bets, CFDs and spot forex trades favouring the sterling could prove profitable. </span><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aPyddJ.FnVuE&refer=currency" target="_blank" title="spot forex, spot forex market, U.K. pound, spread bets, CFDs, spot forex trades, interest rate hike, Bank of England" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the U.K. pound and the spot forex market</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2"> ``We're expecting a rate hike this week,'' said Mitul Kotecha, head of currency strategist at Calyon in London. ``Economic data are pretty firm, consumer confidence is rising and there's nothing to suggest the Bank of England isn't going to raise rates. Why not do it now.''</font></div> 9 application/xml false Bank of England CFDs interest rate hike spot forex spot forex market spot forex trades spread bets U.K. pound Trade the U.K. Pound on the Spot Forex Market Spread bets, CFDs and spot forex trades http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.11) Gecko/20070312 Firefox/1.5.0.11 127.0.0.1 127.0.0.1 mmarquit false true false false true 133514 blog blogsite/GFTUK/web