194332 Resource 133535 179170 179170 1199889553156 1199889553156 Controlled M&S Impact on UK Rate Decision

Bank of England Rates

<div><font face="Arial" color="#000000" size="2">It would be highly unusual for one company's trading update to affect the Bank of England's decision, but&nbsp;the gloomy outlook for Marks and Spencer, and dramatic negative market reaction to it, will be hard for the committee to ignore.</font></div><div><font face="Arial" size="2"></font>&nbsp;</div><div><font face="Arial" size="2">It's a very close-call&nbsp; and the members of the MPC are likely to be split over whether to cut rates on Thursday, but this news from M and S could be enough to&nbsp;sway one or two of its members into a quarter point cut. Certainly the stock market is taking this as a barometer of downgrades ahead. </font></div><div><font face="Arial" size="2"></font>&nbsp;</div><div><font face="Arial" size="2">We now see a 60% chance of a 25 basis point cut on Thursday. </font></div> 9 application/xml false Bank of England GFT Global Markets M&S trade Marks and Spencer rate cut Trade with GFT Global Markets today! http://www.gftuk.com/land/?aid=53 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 ggnelson 206.114.34.165 false true false false true 133535 blog blogsite/GFTUK/web