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Agenda: More Home Guard than vanguard

By Matthew Vincent

Published: September 25 2009 01:59 | Last updated: September 25 2009 01:59

On July 10, the FTSE 100 index embarked upon its historic 11-trading-day rally – but were the UK’s spread betters on the front line of this big push, or bringing up the rear?

Surprisingly, perhaps, given their bullish dispatches in the second quarter (see Spread Betting Special Report June 11 2009), betting firms now admit their clients were more in the Home Guard, than the vanguard, during this record-equalling fightback.

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