Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
FTSE 100 falls back from record as GBP/USD presses higher and UK PMIs beat forecasts
The FTSE 100 has now fallen into the red, bucking the gains still in place in the likes of the DAX and the CAC. The lower oil price this morning is not helping traction in the FTSE, but more so it seems is the Pound hampering the index. `The GBP/USD has now risen to session highs above 1.2430 as the EUR/USD extends just above the noted December 18 high, at 1.0512. The stronger Pound right now this morning has forced the FTSE 100 back below 8,550. Earlier this index reached a new record high at 8,586. It is currently trading at 8,537, as the UK PMI data hits the screens. That data has pretty much replicated what we saw earlier out of France and Germany and beaten forecasts. The GBP/USD has now lifted close to 1.2450 on this news and that has further dampened the FTSE
Market News
All News-
Two hours in and the winner is?
The European stock markets have been trading for two hours now and so far there is a standout performing index. Well, in case you did not know, it is...
-
Brent edging lower as OPEC world outlook looms at 9.40am GMT
According to information noted here, OPEC is due to deliver its 2025 World Oil outlook at 9.40am GMT this morning. This can be a market moving event...
-
Not much on the US data agenda today for the S+P 500
It has already been an incredibly light week for US data releases and it will remain that way today and tomorrow. The only release of note later today...
