Spread Bets and CFDs on the Spot Forex Market

171118 Resource 133514 120646 120646 1181054659504 1181054659504 Controlled U.K. Pound Could Approach $2 Again on Spot Forex Market

Possible interest rate hike fuels sterling against greenback

The U.K. pound is on the rise against the U.S. dollar again in spot forex trading. Spread bets and CFDs should consider the likelihood of a Bank of England interest rate hike this week. Such a hike could boost the sterling to near $2 on the spot forex market. <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aMJWBboXUvwc&refer=currency" target="_blank" title="spread bets, CFDs, spot forex, spot forex trades, spot forex trading, spot forex market, U.K. pound $2, Bank of England interest rate hike" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports information that could help with spread bets, CFDs and spot forex trades</a>: <div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"> ``There's a clear chance the Bank of England will hike this week as inflation has been running high for some time,'' said SEB Merchant Banking's Henrik Degrer, one of only four of 62 economists surveyed by Bloomberg News to forecast a quarter-point rate increase to 5.75 percent this week. The rest expect the bank to hold rates at 5.5 percent. Raising rates ``will be supportive for sterling and we'd expect it to go above $2 again.''</div> 9 application/xml false Bank of England interest rate hike CFDs spot forex spot forex market spot forex trades spot forex trading spread bets U.K. pound $2 Spread Bets and CFDs on the Spot Forex Market Spread betting, 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:1.8.0.12) Gecko/20070508 Firefox/1.5.0.12 127.0.0.1 127.0.0.1 mmarquit false true false false true 133514 blog blogsite/GFTUK/web