Pound falls, as UK’s May loses support The pound (-0.49%) has been the biggest G10 loser against the US dollar as PM Theresa May's lead fell by five points according to the latest YouGov poll. Cable retreated to 1.2861 in London. The UK will hold a ...

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UK growth slows, oil tumbles on Saudi Cable bounced back from 1.3015, as the UK revised its 1Q growth estimate a touch lower than expected. According to the second GDP estimate, the British economy may have expanded by 0.2% quarter-on-quarter versus ...

LCG Market Analysis

No Greek deal, Fed minutes in focus The FTSE 100 remained capped below 7500p at the open. The heavy sell-off in commodities following China’s debt rating downgrade has taken its toll on the UK’s mining stocks (-1.10%). Copper futures cheapened by ...

LCG Market Analysis

Miners down on Noble, GBP offered Traders woke up to a risk-off session after an explosion in Manchester Arena killed 22 and injured 59 people. Yen (+0.21%) and gold (+0.18%) rose in Asia, as capital flew into the safe haven assets. Asian stocks ...

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FTSE up on firmer oil, soft pound FTSE opened upbeat as the barrel of WTI trades near the $50 and the pound failed to consolidate gains above the $1.30 level following yesterday’s positive breakout. Health care (+1.01%) and energy (+0.70%) stocks ...

LCG Market Analysis

Pound breaks above the $1.30 resistance The pound couldn’t resist to the 2.3% monthly rise in UK retail sales, versus 1.1% expected and -1.8% printed a month earlier. Cable finally broke above the $1.30 level and rallied on stops to $1.3023. The key ...

LCG Market Analysis

USD appetite hit by US political turmoil The FTSE 100 first dived to 7489p then rebounded past 7525p at the London open. Fresnillo rallied past 2% as gold extended gains. Lloyds (+0.97%) shares were well bid, as Britain sold its remaining stake in ...

LCG Market Analysis

FTSE at record high even with strong pound The FTSE 100 renewed record regardless of the pound bulls. The index extended gains to 7480p, as Vodafone (+4.07%) rallied on solid results. The 7500p corner is just around the corner; neither the Brexit ...

LCG Market Analysis

FTSE renews record on oil, commodities A massive global cyber-attack hit more than 200’000 computers in 150 countries since Friday. Businesses across all industries are expected to be affected. The UK’s NHS (National Health Service) warned that many ...

LCG Market Analysis

FTSE above 7400p as pound abandons $1.30 The FTSE 100 found buyers at the Friday’s open, as the Bank of England (BoE) meeting temporarily dented the appetite in the pound market. The temporary pause in GBP appreciation encouraged a recovery above ...

LCG Market Analysis

Pound traders watch $1.30 into BoE, QIR The Bank of England (BoE) policy decision and the Quarterly Inflation Report (QIR) are the major macro events of the day. The BoE is expected to maintain its monetary policy unchanged, to revise its inflation ...

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Strong pound caps FTSE gains Firmer pound and subdued oil prices weigh on the FTSE. WTI consolidated above the $46 level amid the API printed 5.79 million barrels fall in the US inventories last week. Today’s EIA data is expected to confirm the ...

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Stocks rangebound, mixed appetite The early enthusiasm on Monday left its place to a rangebound, mixed market sentiment. Emmanuel Macron’s victory encountered a correction sell-off in the euro and the European stock markets. Nikkei (-0.26%) and ...

LCG Market Analysis

Oil bounces, EUR pares gains post-Macron The risk-on environment pushed the global indices and equity futures higher. Nikkei and Topix rallied past 2%, as gold, yen and the franc retreated. Australia’s ASX gained 0.50% despite a failed recovery ...

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Pearson rallies, oil tanks, NFP in focus Asian stock indices traded south. The sell-off in oil, metals and commodities deepened and increased the anxiety across the global financial markets. Japan was closed. Hang Seng (-0.84%) and Shanghai’s ...

LCG Market Analysis

Facebook shares fell, HSBC gained on results The UK services sector expanded unexpectedly faster in April. Solid data wet the appetite in the pound, which started the session on a negative note. The GBPUSD recovered to 1/2895, after trading at ...

LCG Market Analysis

Apple miss, Fed verdict, Brexit tensions A dollar-pound quotation nearing the 1.30 hurdle and softer commodity prices dented the appetite in the FTSE stocks in London. Mining (-0.75%) and energy stocks (-0.45%) lead gains at the open Tensions ...

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FTSE higher on BP, oil under pressure The FTSE opened upbeat. Mining stocks (+0.54%) were better bid on improved copper futures, which gained on the US Commerce Secretary Ross’ positive comments regarding the trade relations with China, although the ...

LCG Market Analysis

UK GDP slows, FTSE rebounds from 7200p The UK’s GDP growth fell to 0.3% quarter-on-quarter from 0.7%. The downturn in services growth has been a major focus, reviving concerns that the deterioration in the living standards has just started creeping ...

LCG Market Analysis

DB tanks post-results, EUR flat pre-ECB The European Central Bank (ECB) meeting is the major highlight of this Thursday. The ECB is broadly expected to maintain the status quo, yet the focus will be on the accompanying statement. President Mario ...

LCG Market Analysis