London, New York shift into reverse gear

The London market slipped into reverse gear today as speculation mounted that interest rates will be hiked tomorrow.

London, New York shift into reverse gear
Wed, 09 Jun, 2004 - 19:48

The London market slipped into reverse gear today as speculation mounted that interest rates will be hiked tomorrow.

Traders said the market had factored in a 0.25% rise, helping drag the FTSE 100 Index 15.3 points lower to 4489.5 by the end of the day.

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