How do you Rate it?

Following a number of rate cuts recently, the Bank of England has decided to keep interest rates on hold for the timebeing. Last October, rates stood at 5% but have now been reduced to 0.5%. It has also injected money into the economy to the tune of £26.4 billion. For a spread better this is a perfect projection of potential winnings for the future.

Other news that is worth looking into is US bank Wells Fargo who have predicted they expect a record net profit. Quoting a figure of $3 billion in the first quarter, this is a further figure for you as a spread better to use as a template for a wager.

This announcement from Wells Fargo, which is a reputable and recently merged US bank is the latest in a line of optimistic statements from banks such as Citigroup, Bank of America and Deutsche Bank about their hopeful performances in 2009.

Whether or not you are an accomplished spread better or you are just finding your feet, the above news is definitely food for thought. Whilst we make no specific recommendations, we are here to open your eyes to the possibilities of what financial spread betting can do for you.  If it is your first time and you are only just getting the hang of the process, choose something you are only comfortable with and remember that if you can afford to lose your money then you can afford to spread bet.  

There are many benefits from spread betting, as always we remind you that your winnings are free from tax.  However, be aware of the risks also and you will walk into your spread betting experiences with your eyes open and your hand firmly on your bank balance.