Spreadex Market Update
Fixing scandal rumbles on
Many of our spread betting clients have been buying into Barclays weakness as opposed to jumping on the short trade although it may be a wise move to wait and see whether any dirt is dished out on any other banks regarding interest rate fixing before traders make any bold moves.
As we have seen in cases before, if this dodgy banking transpires to be a banking wide wrongdoing then it’s possible the whole sector will be punished.
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