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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FTSE nudges higher while Brexit landscape continues shifting

Article By: ,  Senior Market Analyst
March 27, 2019 6:34 AM
European markets are mixed with the FTSE just above the flat line and the DAX in negative territory only a day after it bounced back to catch up with global markets. In London, industrials and house builders were among the top gainers, benefitting from a slightly weaker pound and marginally cheaper oil prices. 

Sterling unstable ahead of indicative votes

The pound has been declining since late Tuesday despite some brief positive interludes, reacting to the repositioning in Parliament ahead of the indicative Brexit vote Wednesday that will for the first time put multiple Brexit options in front of Parliamentarians to see which one gathers the most support. 

The decision to open the vote to any option has spooked several hard-line Brexiteers causing them to line up behind the Prime Minister rather than risk a long Brexit delay. The uncertainty will keep the currency market on its toes, making sterling a hard buy. 

Asian markets shrug off Chinese data

Asian shares managed to nudge higher despite data showing a sharp decline in earnings at China’s large industrial firms as investors pinned their hopes that the country’s government will react to the decline by pumping more money into the industry to prop it up. 

On the other hand, the data channeled fresh buying into the dollar as a risk averse buy, as did weaker US housing numbers and a decline in US consumer confidence.

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