![]() You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.ĬFD Accounts provided by IG International Limited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail client accounts lose money when trading CFDs, with this investment provider. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Consequently any person acting on it does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. This information has been prepared by IG, a trading name of IG Markets Limited. But the news out of this today is that we should expect to see further interest rate rises when the Bank of England meets at the beginning of November. But in today's session, its down for a fourth day in a row.īut we see it well off the lows that we've seen over the last couple of weeks or so for sterling. It also strengthened as well against the euro. We've seen Jeremy Hunt now come through as the new Chancellor Exchequer, giving some extra hope for sterling off the lows that we saw when we saw that low print back at the lowest point we ever seen since decimalisation back in the early 70's. We saw just a slight reversal of what we saw was overall a positive day on the markets for sterling on Monday. This is the the daily candle chart showing us a pullback on from yesterday's drawdown. If we look at what's been happening on the foreign exchange markets, in fact there's been a second day of declines for sterling. The inflation numbers are being driven by food prices mainly. And it means that prices as I said are rising at this 40-year rate now. So this is stronger than had been expected, adding to extra expectation that we could well see the Bank of England (BoE) give us a bumper interest rate rise on the 3rd of November.įood and the non-alcoholic drink have risen by 14.6% in the 12 months through to September, up from 13.1% in the month of August. It's not just consumer prices but also producer prices and retail prices that have risen.īut, it's the headline 10.1% reading in September that takes us back to where we were in July after that slightly lower print in August, but we have been expecting a 10% number. Let's take a look at the figures as we continue to monitor the fallout from the data that we've seen. Inflation has risen to its fastest rate in 40 years, with a rise from 9.9 to 10.1% of the consumer price headline rate. ![]() (Video Transcript) Inflation at four decade highs ![]()
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