Spreadex Market Update
Markets display mixed reaction
Interest rates will also be kept at a record low 0.5%.
The decision was widely expected as the Eurozone debt crisis continues to take its toll on the British economy.
A good ADP Non-Farms figure in the states along with a better unemployment figure has also bolstered confidence in anticipation for Fridays Non-Farm report.
However Draghi stated this afternoon that there is some subdued loan growth and some inflation risks which have put some restraint on previous upward momentum that these good figures and stimulus packaged brought to the markets.
What now for spread betters as it is clear that market sentiment is somewhat mixed, and that news from Europe rightly continues to carry a game changing amount of weight?
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