Trading Update
18-Sep-13, 9:12am: Tapering Video Update

Today is all about part 2 of the FOMC meeting and here is how the markets are gearing up:



Update by Ishaq Siddiqi, Market Analyst,
18-Sep-13, 9:12am: It could be a quite an exciting day in the markets.

Gold is still dropping whilst the Dow Jones had a small up-day yesterday.

USD/JPY is looking quiet but both GBP/USD and EUR/USD have pushed up slightly and they could well have a volatile day (and night) ahead of them:



Update by Craig Inglis, Head of Product Development,
18-Sep-13, 10:15am: Ahead of the key September Federal Reserve meeting, there is a new trading video on our blog which discusses the outlook for a range of markets including GBP/USD.

Will September Fed Meeting Live up to Expectations?

Update by Gordon Childs, Editor,
18-Sep-13, 2:31pm: Canaccord Genuity has retained the Hiscox stock with a ‘Hold’ rating and a target price of 670p for the UK insurer.

Update by Jenna Cutly, Editor,
18-Sep-13, 6:12pm:

Royal Mail IPO Update



The grey market that IG are running on Royal Mail is now valuing the company at around £2.9bn.

For more details and a chart showing the climbing valuation, please see our Royal Mail trading guide.

Update by Gordon Childs, Editor,
18-Sep-13, 7:05pm:

No Taper



The Fed says no to tapering.

The Fed wants to see more evidence of growth before tapering.

The FTSE 100 shot to 6600 in under one minute. It’s retraced a little.

Uncle Ben speaks at 7.30 tonight (UK time).

Update by Gordon Childs, Editor,
18-Sep-13, 7:06pm:

The Federal Reserve Says No to Tapering



GBP/USD has shot up to $1.606 and EUR/USD to $1.3478.

The trading screens are looking very colourful.

The Fed chairman will speak soon. (7.30 tonight, UK time).

Update by Gordon Childs, Editor,