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

Why look further? Apply now!

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: Tuesday 15 Jul 2008

LONDON (ShareCast) - The weekend’s rescue of mortgage giants Fannie Mae Freddie Mac by the US government raised serious concerns about the health of the financial sector, prompting the dollar to hit reverse.

On Sunday, Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke outlined a plan to give the pair access to more funds, if necessary, through the Fed, while the Treasury Department will provide a bigger line of credit.

The disappearance of early gains on Wall Street also served to unsettle the greenback.

Sterling clawed back losses versus the US currency and improved against the euro after Spanish bank Santander moved for UK mortgage lender Alliance & Leicester.

News that it is prepared to pay £1.3bn for the high street bank boosted confidence in the bank and housing sectors

Meanwhile, hopes that interest rates may start to fall some time this year took a knock as news that UK producer prices surged last month heightened fears about soaring inflation.

Manufacturers hiked prices by 10% in June from the same time last year, the biggest annual increase since 1986 and up from 9.3% the month before, according to the Office for National Statistics.

The data reflects sky-high fuel costs that helped lift producer prices 0.9% between May and June, a little less than predicted. Soaring raw material costs boosted input prices by 30%.

The Bank of England is faced with a dilemma as it looks to stave off a recession, while attempting to prevent inflation from getting out of hand.

Central bank governor Mervyn King has already acknowledged that consumer price inflation is likely to top 4% this year. It currently stands at 3.3%.

Central bank policymaker Kate Barker was reported to have issued a warning Monday against keeping interest rates too high as the economy continues to slow.

• News Channel