FTSE sell-off slows on modest ECB loan demand

Scott Sinclair

The FTSE began to recover early losses on Thursday after the European Central Bank (ECB) revealed modest take-up of its latest short-term loan facility.

London's leading index had slumped to an intra-day low for 2010 in early trading following murmurs ratings agency Moody's may downgrade the triple-A sovereign ratings on Spain. But the ECB today said...

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