• As is typical of most pre Christmas trading, markets appear to be winding down with significant movement to speak of. Stock markets have continued their bull run, with the S&P 500 posting another small gain this morning.
• The pound is also continuing to perform well, continuing some of the strength seen last week.
Coming up today:
• Coming up today we have Canadian GDP, with a gain of 0.1% expected. US personal spending is released at the same time.
• Revised UoM consumer sentiment follows at 14.55 in a generally quiet day.
Trade Idea:
• The pound up trend is worthy of note while it remains in a non over bought state. There could be some more upside to come between now and the new year.
Pound nudges ahead in quiet trading
Morning Report: 08.30 London
• As is typical of most pre Christmas trading, markets appear to be winding down with significant movement to speak of. Stock markets have continued their bull run, with the S&P 500 posting another small gain this morning.
• The pound is also continuing to perform well, continuing some of the strength seen last week.
Coming up today:
• Coming up today we have Canadian GDP, with a gain of 0.1% expected. US personal spending is released at the same time.
• Revised UoM consumer sentiment follows at 14.55 in a generally quiet day.
Trade Idea:
• The pound up trend is worthy of note while it remains in a non over bought state. There could be some more upside to come between now and the new year.
This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice.
Summary:
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