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: |
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: |
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? |
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. |
18-Sep-13, 6:12pm: Royal Mail IPO UpdateThe 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. |
18-Sep-13, 7:05pm: No TaperThe 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). |
18-Sep-13, 7:06pm: The Federal Reserve Says No to TaperingGBP/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). |