Miners Randgold Resources (RRS) and Fresnillo (FRES) are outperforming on the UK Index this morning thanks to a rebound by Gold from $1250 support. This comes thanks to Friday’s goldilocks US jobs report (not too hot it means imminent US rate rise; not too cold that we need to worry about US growth) taking USD…
This week has been a momentous one here in the office at Accendo. Tuesday saw the UK 100 break above the 7000 point barrier for the first time since 2015 and close the session at all-time highs. You may be saying to yourself something along the lines of: “Oh no! I missed the chance to get…
Many have waited patiently for over a year to buy shares in Lloyds at a 5% discount from the UK government. And I’m here to tell you that the waiting is finally over. Because it ain’t gonna happen. Sorry, but new UK chancellor Phillip Hammond has just announced that he has abandoned the UK treasury’s…
Last night’s Sterling slump was the second most extreme on record versus the Dollar and the worst since the panic of June 24 when markets reacted to the UK’s referendum result on EU membership. Investigations are underway but a single reason may never be identified for last night’s flash crash on the pound. It is…
7 Oct Express Mike van Dulken, of Accendo Markets, said: “A positive UK Index open is rather perversely derived from a 6pc overnight flash crash in GBP that has provided the UK index with another currency fillip for its overseas-exposed contingent.” http://www.express.co.uk/finance/city/718601/UK Index -100-soars-near-record-levels-Brexit-business-boom-finance-Sterling-pound-value 6 Oct This is Money Mike van Dulken, head of research…
Today is a strange sort of day that hasn’t been seen often since September 21st; a day with zero speakers from the US Federal Reserve. Of late, Fed members have been lined up in their droves to give personal opinions to anyone and everyone, sometimes making several appearances a week. Whilst varying from the most optimistic…