Spreadex Market Update
European markets have traded relatively flat
With little economic data released today, European markets have traded relatively flat from yesterday’s closing price whilst the British pound providing the biggest movements. The pound headed towards six-year highs against the US Dollar as Bank of England Governor Mark Carney commented on the monetary policy. GBP/USD hit highs of around $1.7040 before slightly dropping off, currently trading around $1.7020.
Barclays is currently leading the FTSE 100 losers with 5% being wiped off its price as a lawsuit by New York attorney general was filed against the bank last night.
US futures are pointing to a slightly negative open this afternoon as unemployment claims came in slightly better than forecasted at 312k (forecasted 314k).
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