Anyone scalping the FTSE Futures??

Mr Carney said: (from BBC News)

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The Bank of England is to scale back a scheme to boost mortgage loans, focusing instead on business lending.

Supporting mortgage lending was "no longer necessary".

Funding for Lending will be refocused on businesses from January 2014, the governor said.
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Which is I think good news in one way.
 
The BOE’s key interest rate is currently at a record-low 0.5 percent and the Monetary Policy Committee has said it won’t increase it at least until unemployment falls to 7 percent.
 
Mr Carney said: (from BBC News)

--------------------------------------------
The Bank of England is to scale back a scheme to boost mortgage loans, focusing instead on business lending.

Supporting mortgage lending was "no longer necessary".

Funding for Lending will be refocused on businesses from January 2014, the governor said.
---------------------------------------------

Which is I think good news in one way.

Yes, and that one way is DOWN for the ftse.
 
Quote of the day from my Godfather :


"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis.” - —Jesse Livermore
 

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