The major stock markets in Europe have given back some of their gains today after having climbed up to record levels yesterday. The UK sotcks were shaken by the news that the Bank of England may yet again be forced to raise the interest rates in order to tame the inflation levels.

The Pound broke through the $2 barrier for the first time in 15 years.

The US Futures have pulled back before the Consumers Prices being announced within the next hour. And let's not forget the big heavyweights reporting this evening after the US close. My advice is to run your open CFD positions with tight STOP LOSSES if you feel obliged to keep any of them open in the first place.