Trading Update
09-Sep-14, 9:21am:

US Dollar Surges on Hints at Fed Rate Hike

The dollar is running rampant at the moment on reports that some FOMC members are closer to voting for an interest rate hike than currency markets expect.

With Japan facing further easing, worsening data in Europe and questions over Scottish independence, we are seeing USD/JPY rally to multi-year highs, whilst EUR/USD and GBP/USD are slumping.

Update by Craig Inglis, Head of Product Development,
09-Sep-14, 10:09am:

FTSE Struggles as Scottish Independence Fears Weigh

Sterling was the main mover yesterday on a report which indicated a slight poll lead for the ‘Yes’ campaign, which also weighed heavily on firms with Scottish exposure.

Update by Richard Wiltshire, Head of FX Trading,
10-Sep-14, 9:18am:

USD/JPY Jumps to 8 Year Highs and Targets ¥110

With further rhetoric from the San Francisco Fed that rate may rise in September, the dollar is charging ahead against the Japanese yen.

The 8 year highs are seeing significant support for the Nikkei 225, which is targetting key resistance at 15,828.

Update by Craig Inglis, Head of Product Development,
10-Sep-14, 10:55am:

Dow Dips on San Francisco Fed Comments

Lingering concerns over the potential for the Fed to raise rates in the short-term is hampering global stock markets.

Update by
10-Sep-14, 12:00pm: In the latest trading update on our blog, Michael Hewson considers the ramifications for the pound given the recent speculation over Scottish independence.

Will Scottish Independence Fears Continue to Weaken the Pound?

Update by Gordon Childs, Editor,