Spreadex Market Update
08.11.12 Thursday Afternoon
The Bank of England opted on Thursday not to pump more cash into the fragile economy, as policymakers pin their hopes on the bank's new lending scheme and some worry about inflation. The decision, which matched expectations, is likely to have been close, with the BoE's Monetary Policy Committee having to weigh Britain's surprisingly strong exit from recession in the third quarter against signs of renewed weakness since then.
The FTSE 100 has been led higher by the food and drinks sector with the FTSE up +5 at 14:10GMT, bouncing off the lower end of its recent chart range during cautious trading. The bulk of the index rise was driven by a sector - food and drink - and company - British American Tobacco - typically perceived as being more defensive during times of economic uncertainty.
Due to the much reported Olympics blunder, Security Group G4S missed out on contracts to run British prisons. G4S are now paying the price for embarresing the government by failing to provide enough guards for the Olympics. G4S missed the cut on deals to run six prisons, including HMP Wolds, a prison which the company has managed since 1992 but which will now return to the public sector in July 2013.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
