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Last week the Bank of England hit the headlines with an unexpected 1.5% rate cut. The move was largely pre meditated as a shock tactic to boost the ailing UK economy ahead of the all important Christmas period. Spreading the cut over a number of months would have had much less of an impact as it can take many months for the benefits of a rate cut to filter down to consumers. This is especially the case now with banks being slow to pass on cuts to customers. The MPC have sent out a message that they are prepared to treat the threat posed by the global slowdown very seriously. Unfortunately this message is a double edged sword, the euphoria that immediately met the rate cut was short lived and the FTSE soon rolled over and headed back towards the lows of the day.......
Tips: "A bull trade predicting that the Dow Jones Industrial Average will be higher than 9500 in 6 months time could return 102% at www.BetOnMarkets.com ."
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Tips: "A bull trade predicting that the Dow Jones Industrial Average will be higher than 9500 in 6 months time could return 102% at www.BetOnMarkets.com ."
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