The Bank of England will probably cut interest rates to 1% at midday today. I expect that the nine-members of the Monetary Policy Committee will cut the bank rate by a further 0.5% to 1%. This will be the lowest interest rate since the Bank Of England was founded in 1694.
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Read More...What the January S&P Barometer says about the stock markets this year.
The January Barometer states that as the S&P 500 goes in January, so does the rest of the year. This indicator has had only 5 significant errors in the past 58 years and has a 91.4% accuracy ratio over the same period!
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Phil Seaton’s Financial Spread Betting Systems
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