Contents ▾ US Banks BoostedTrump Bump Around The GlobeReasons For Caution Can the Trump Bump go the distance? The Dow Jones has finally crashed through the 20,000 barrier, giving beleaguered US President Donald Trump a welcome shot in the arm. It took just 42 trading sessions for the Dow to climb from its previous high […]
UK inflation reaches highest rate since June 2014 The Consumer Prices Index (CPI) has revealed that the UK’s inflation rate is now at its highest for two-and-a-half years, due in no small part to the rising cost of fuel. The CPI unveiled that the UK’s inflation rate last month was 1.8%, up from 1.6% in […]
World Bank forecasts gold price drops for remainder of this year The World Bank has issued figures that suggest the gold price will achieve an average of $1,150 this year. The global lender believes that there will be a fall of seven per cent in 2017 because of rising interest rates in America and the […]
Snapchat set for flotation value of up to $25bn Snapchat, the mobile messaging app that’s increasingly popular with teens and young adults, is set to become one of the US stock market’s most significant share listings in recent years. Snap To Raise $3bn From SnapChat Floatation The owner of the app, the Californian tech […]
Trump moves to deregulate Wall Street – what does it mean for investment and trading? President Donald Trump has taken his first steps towards scaling back financial service regulations in the United States, but what does this mean for investment and trading? Trump Reviews Regulation Last Friday, Trump ordered a review of two key measures […]
The future is green: the continuing success of renewable energy With his pro-coal, climate-sceptic stance, the ascendancy of Donald Trump as president of the United States has prompted fears as to the future of the support of renewable energy. The uncertainty of Brexit also leaves the renewables sector of the UK in an unpredictable trajectory. […]
Pound enjoys biggest gains in January in six years The pound recorded its best January in six years on Tuesday, due in no small part to the faltering dollar that’s struggling under the weight of uncertainty following President Trump’s inauguration. Although the surge in sterling was not without its hurdles to overcome, it was the […]
Deutsche Bank brand the pound ‘irrelevant’ in the wake of Brexit Deutsche Bank has taken another swipe at sterling and in a shocking move has branded the pound ‘irrelevant’. The German financial giant is the largest lender in Germany, and has been consistently beleaguering the pound in the wake of last June’s Brexit vote, which […]
Looking back on a turbulent financial year in 2016 Several big events shook the financial markets in 2016, with the most significant being the Brexit vote, oil prices and the Trump election. It all started badly in January 2016 with numerous large companies such as Apple, Google and Rio Tinto suffering a slump in share […]
Pound sterling records biggest gains since 2008 following May’s Brexit speech British Prime Minister Theresa May’s speech on her post-Brexit vision for the UK resulted in the pound rebounding sharply, making its most significant gains in almost a decade. Ms May’s words were eagerly anticipated, not just by the people of Britain, but those within […]
BoE Chief Economist warns of ‘Michael Fish’ moment Andy Haldane, the Chief Economist at the Bank of England, has warned the financial profession that they are facing a ‘Michael Fish’ moment with regards to the likely impact of Brexit. Michael Fish was infamous for incorrectly dismissing fears that the UK was facing a large hurricane […]
The leading UK brokerage company, (part of IG Group), has given their online binary options products a new name. The company has switched to calling the product ‘Digital 100s‘, a reference to the trade outcome from the contracts. The product remains an exchange traded ‘binary’ outcome contract, offered over the huge range of underlying assets […]
Leading US oil industry group lobbies president-elect for lighter regulation At a recent event in Washington, the president of the American Petroleum Institute, Jack Gerard, took the opportunity to list deregulation, increased access for offshore drilling, and more support for pipeline construction as priorities for the president-elect’s administration. Speaking at a recent forum, he claimed […]
2016 was a tumultuous year for the pound, with its darkest days seeing it fall to a shocking 31-year low. With Brexit catalysing months of prolonged uncertainty and dramatic destabilisation, sterling struggled, the dollar rallied, and traders were unsettled. As 2016 and all of the twists and turns it saw has now ended, we look […]
To many economic forecasters’ surprise, the UK economy has continued to grow following the surprise result of the summer’s referendum on EU membership. In fact, it is anticipated by the British Chamber of Commerce (BCC) that GDP will grow by around 2.1% this year, an improvement on the 1.8% forecast by the body only three […]
With markets closing over the festive period, different underlying assets will be available through different trading hours. In general, brokers will be taking trades in line with the market opening hours, but some may differ. Each have provided information on their own trading times, so if in doubt, check with your broker. For the avoidance […]
Over the last few months, talk of the first global oil pact in 15 years has been making headlines. Now, following its realisation, crude oil prices have soared, with the value of the black stuff reaching a welcome 18-month high. Spike Driven by Non-OPEC deal The announcement by OPEC of their decision to cut fuel […]