UK interest rates raised to 4.75%

The Bank of England increased rates by a quarter of a percent to 4.75% in an effort to keep inflation in check.

Inflation

Consumer Price Index rose to 2.5% from 2.2% in May – well above the Government’s 2% target.

Consumer Confidence

GFK NOP’s Consumer Confidence headline index has remained at the same level [...]

Fed holds rates for first time in 2 years

After Tuesday’s Fed meeting, interest rates were held at 5.25%, ending an unbroken series of rises that began in June 2004.
At the meeting it was noted that “some inflation risks remain”, leaving open the extent and timing of any additional firming. This suggests that the Fed retains [...]

Using The News in Your Trading
What external factors can move the price of a stock?

Company announcement.
Takeover talks.
Unexpected news.
Commodity prices.

Company Announcements

Have the potential to move a stock strongly in either direction
Because of this a lot of traders will not hold a stock when an announcement or results are due
We do not trade on the news [...]

UK house prices rise
Pension gap still high
Bad debt affects Lloyds TSB profit
Interest rates remain unchanged at 4.5%
Inflation up from 2.2% to 2.5%
Consumer confidence remains at -4

Middle East conflict continues
US economy slows ; worries develop over impact of benefits on economic growth
Japanese land prices rise
Oil prices back up to over $75 per barrel
Gold prices rise as a hedge

TRADE OF THE WEEK – sponsored by LiveTradingFloor

Charter PLC (CHTR)
Technical Play: Powerpivot – Long
Entry Price: 730.00
Target: 800.00
Strategy
Pivot long & strong Level 2.
20/7 08:14 – stop raised to 743, below low of day. 08:52 – stop raised to 749 to lock in profits as hits 50ema.
Performance
This stock has moved a total of 2.6% so [...]