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Travel Stockwatch

Wednesday, 13 August 20033 min read

The US Federal Reserve announced that interest rates in America would be pegged at one per cent for the foreseeable future, a sign that the world economy may be picking up.

In Britain, the FTSE 100 closed at 4,185.6, up 8.9 points. The air travel industry had a relatively buoyant day on the markets yesterday too. BAA shares closed at 473p, up a penny, easyJet were up a penny too at 234.75p, and British Airways finished half a pence up at 168.5p.

But there was a little blip for holiday operators, with MyTravel slipping back by half a pence to 26.5p, and First Choice was down 0.75p to 118p.