News for Spread Betters

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There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here.

News for Spread Betters

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There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here.

Unsecured Loans

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Lighten the load of all those repayments with a low rate unsecured loan. This month's selected offers:

1. Barclays Loans
2. Halifax Loans

AMEX Platinum

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Money back on your spendings? With American Express Platinum MoneyBack card, you can get

• 5% Money Back* during your first 3 months, then
• standard Money Back rate up to 1.5% with
• typical APR 18.9% variable

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Digital Look's Best Picks

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Your money can work for you! Get it going with one of this month’s high interest current accounts:

1. A&L Premier Direct
2. Coventry First Account
3. Co-operative Current Plus

Date: Wednesday 18 Jun 2008

LONDON (ShareCast) - Gilts recovered in the afternoon to end the day little changed after opening lower following publication of the minutes from the meeting of the Bank of England's Monetary Policy Committee (MPC).

As expected, perennial dove David Blanchflower voted in favour of a rate cut, while the rest of the committee voted for the status quo, but what alarmed bond-holders was the revelation that the committee considered a hike in rates.

"For some members the news (on inflation) had been sufficient to consider whether an immediate rise in bank rate was warranted. Delay would only increase the eventual costs of bringing inflation back to target," the minutes read.

US treasuries were wanted today as traders pared bets on the Fed lifting interest rates next week.

Yields on 10-year notes slipped 3 basis points to 4.17% while the yield on two-year notes, which are more sensitive to monetary policy changes, fell 4 ticks to 2.87%.

European bonds eased a tad as another policy maker at the European Central Bank (ECB) took a turn banging the drum for the need to control inflation. This time it was Juergen Stark, who said the ECB would “do everything necessary” to contain inflation.

Eurozone inflation rose to 3.7% in May, it was revealed on Monday, up from 3.3% in April.

Many economists are expecting the ECB to ratchet up interest rates by a quarter of a percentage point next month, a move which has been flagged as a possibility by the central bank’s chairman.

The yield on the benchmark 10-year bund rose 1 basis point to 4.62%.

• News Channel