The Emergency Budget And Financial Spread Betting

The recent proliferation of press coverage surrounding the financial markets has meant that financial spread betting online is becoming increasingly popular.

In financial spread betting you decide which way you think a financial instrument in the market will move. For example, you would ‘buy’ if you think, say, the share price of Barclays will go up and ‘sell’ if you think it’s likely to fall.

The recent, disappointing non-farm figures from the US and the difficulties in the eurozone mean that financial markets look set to remain in the spotlight The UK is no exception as the new Chancellor George Osbourne prepares to deliver spending cuts and tax rises in an emergengy budget which will take place on June 22.

A strong, sensible budget could be just the medicine the UK needs against the backdrop of the difficulties seen in the eurozone.

Analysts will be wanting to see strict but fair austerity measures that bring reassurance that the new coalition government can show true leadership in difficult times.

Any signs of weakness will be pounced upon by the UK press.

  Will major cuts in public spending spur or deter economic recovery in the UK? An answer to this will only begin to form in the weeks, months after this budget And, it’ll be interesting to see the exact split between tax rises and public spending cuts. Both are due but more of the latter is presumed.

When the first-round of budget cuts was announced on May 22 sterling fell against a bullying dollar but rose against a weak euro. Eurozone is having a real fiscal crisis compounded by structural and governance issues and a strong budget from an independent and agile UK will see confidence in the euro shaken again.

The obvious doubt is just where is the household cash going to come from to spur the recovery? What will happen to sterling and the UK over the next six months?

A recent report by research organisation Investment Trends suggests that the largest spread betting company in the UK is IG Index. Visit them at

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