It’s been a fascinating week for UK Index watchers like us and, more importantly, for our trading clients. Whilst the UK blue-chip UK 100 index looks set to close -0.7% for the week, -2% for the month and 4% away from its record high, we see reason to cheer this latest correction. There are valid…
It’s been a lively week for the UK’s blue chip index and for investors that closely follow UK macroeconomic data. A hawkish barrage from European central bankers and a significant record being broken by UK household debt levels have set markets alight, but what might it mean for your investments? This week’s prevailing story has…
30 June Business Insider Writing in an email on Friday morning, Accendo Markets’ Mike van Dulken says the morning’s activity “comes after a weak Wall St finish (Tech underperforming) extended to Asia overnight as a bond market sell-off inspired by hawkish (perhaps misconstrued) central bank comment proves contagious for equities. After years of low rates and…
Macro observations After two and a half weeks of stalemate, the Conservative-DUP ‘confidence and supply’ agreement has finally been signed, opening the door to a Conservative minority-led government to be officially formed. With the support of the 10 DUP MPs, the Tories will now effectively have a working majority in parliament, crucial as the early…
The UK Index Banks were back in focus this week. Not because investors are any more optimistic about the UK economy – we have political and Brexit uncertainty to blame for that – it was more to do with heightened expectations of the Bank of England hiking UK interest rate rise as soon as August for…
Since Tuesday the UK 100 has traded no higher then 7480, but no lower than 7390. This 90 point range might not sound exciting to traders looking for sharp moves of +/- 2%, and may even discourage some. However, would it peak your interest if I tell you there was potential to trade worth >350 points…