Spreadex Market Update
Sterling has bounced off long-term lows
Sterling has bounced off long-term lows today as a more recent poll released by the Daily Record shows 53 percent of Scots are planning to vote “No”, easing investors’ nerves that Scotland may become independent. Sterling is currently trading up at $1.6250 however volatility can be expected, especially if the “Yes” vote looks to be taking over once again.
Despite this, European bourses are trading in the red today with the FTSE down 40 and the DAX down 22. Dow Jones futures are indicating a similar picture, trading around 60 points lower prior to the US open. Unemployment claims have been released slightly worse than expected, coming in at 315k rather than the 306k expected.
Investors will again be awaiting European Central Bank President Mario Draghi to speak later this evening at the Eurofi Financial Forum in Milan.
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