LONDON, July 20, 2012 /PRNewswire/ --
The Office for National Statistics (ONS) said today [Friday 20 July] that public sector net borrowing - excluding interventions such as bank bailouts - had risen to £14.4 billion in June 2012, up £500 million from £13.9 billion in June 2011.
Looking at this news out of the UK, we consider how you can take a position on the FTSE 100 index with the potential to profit when it both rises and falls, through a financial spread betting account from City Index.
Borrowing Rises £14.4 billion in June
The ONS report showed that public borrowing in the UK had risen to £14.4 billion for the month of June, showing a £500 million rise from the same month last year.
Previously, analysts had forecast a much lower figure for public sector net borrowing of £13.4 billion; a £1 billion difference.
Looking forward on the year as a whole, a Treasury spokesman said that it was 'too early' in the financial year to draw conclusions.
Adding: "This is volatile data and is prone to revision."
Spread Betting the UK Index with City Index
Unlike traditional trading, financial spread betting enables investors to take a position on the FTSE 100 index for only a small percentage of the full value of the market.
Allowing easy access to over 12,000 spread betting markets - you could trade across not only indices, but shares, commodities, currencies and more.
Profit from a Falling Market
If you expect a market, such as the FTSE 100, to fall - you can take a position on its future price through the City Index spread betting platform. Available online, you can also trade on the move with their spread betting mobile app, City Trading™.
In the event you expect a market's price to fall, you can go short and sell. If the market moves in your favour and falls, you will profit in line with price changes in the underlying market.
Alternatively, if you expect a market's price to rise, you can go long and buy. If the market moves in your favour and rises, you will profit in line.
However, in both examples if the market moves against your position - rises or falls, respectively - you could incur losses greater than your initial deposit.
Ensure you fully understand the risks involved through researching your market, analysing trends and utilising the suite of trading education tools and resources available to City Index clients, including:
Start Financial Spread Betting
Read More Spread Betting Tips
If you found this article helpful, you may want to read more just like this. You can access a range of free spread betting tips, guides and articles through the City Index website.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.
SOURCE City Index