UK's financial markets go up 8%


The London stock market has sharply risen by more than 8% after the US Government proposed to buy billions of dollars of US banks' bad mortgage-related loans.

With the UK and US also restricting short-selling the stock markets worldwide are bouncing back.

Short-selling is the process of a trader borrowing shares from another trader to then sell them and buy them back at a lower price, thus making a profit.

HBOS also saw a 63pence increase in its shares which was encouraging following its takeover by Lloyds TSB.

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