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London Capital Group

London Capital Group
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We are a global business, based in London with almost two decades of experience in online trading. We are authorised and regulated by the Financial Conduct Authority (FCA) and listed on the London Stock Exchange (LSE).
Europe
The euro has had a solid week so far, after the first round of the French election was perceived as a major relief from the markets, which already declared Macron the next President of France. The far-right finalist Marine Le Pen is given 39% chances of winning the final...
Donald Trump
The US stocks were resuscitated after the White House announced that the US corporate taxes will be cut by 15% as part of Donald Trump’s ‘major’ fiscal plans. According to the latest news, the personal income taxes will also be reduced. More details are due at the Wednesday’s announcement. Donald...
France
The CAC 40 rallied past €5’200 at the open in Paris; French banks surged 10%, as the most feared scenarios were left out of the frame at Sunday’s French election. The outcome of the first round of the French presidential election was remarkably in line with the opinion polls. Emmanuel...
London Stock Exchange
Jitters ease but stocks little changed It was another jittery day for stock markets. Investors have been juggling multiple sets of corporate results while staying mindful of global geopolitics. That makes a strong directional move difficult. The risk surrounding the first round of France’s Presidential election this Sunday have been keeping...
FTSE 100 Stocks
MPs voted 522 to 13 to approve the UK’s snap general election that will take place on June 8th. According to YouGov/Times poll, the UK conservatives would comfortably lead the election by 48%, versus 24% for the opposing Labour Party. Given that a stronger support for Theresa May is...
British Pound
The kneejerk positive reaction in the British pound to the snap election aligns with our view Sterling has seen its worst. The British pound dropped on news a of a surprise announcement from Theresa May on Tuesday but rebounded when the snap election was called for June 8th. We...
France
As the UK and European traders are back from the Easter break, the attention shifts to the next critical political event in Europe, the French election. The first round of the French political election is due on April 26th. The popularity of the far-right (Le Pen) and the far-left (Mélenchon)...
Great British Pound
The pound (+0.16%) started the week flat-to-positive, in an effort to consolidate Friday’s losses after the unexpected contraction in UK’s manufacturing and industrial data sent the GBPUSD below its 100-day moving average (1.2398). The 1.2360-support (Fibonacci 50% retracement on March recovery) has been tested for the third consecutive session. Breaking...
British Pound
UK’s manufacturing and industrial production unexpectedly contracted for the second month in a row. Soft data revived the Bank of England (BoE) doves and backed the idea that the inflation alone may not be a sufficient reason to raise the interest rates in the UK. Cable sold off to 1.2430 as...
Mario Draghi
The single currency reversed gains, as the European Central Bank (ECB) President Mario Draghi’s comments revived the ECB doves in Frankfurt. Draghi said that a ‘reassessment of the current monetary policy stance is not warranted at this stage’ and saw ‘no need to deviate from wording of the forward...
China
Off-kilter Le Pen debate helps Europe A slightly off-kilter French presidential debate performance from Marine Le Pen has lessened a little more of the political tension across markets. The French CAC index outshined the German DAX. Investors appear to be pre-empting the French election result, taking on a little more exposure...
Oil
Time heals all wounds, and in the case of stock markets the amount of time is about a week to move on from disappointment at Donald Trump’s failure to reform US healthcare. Stocks Stocks are still in a bit of a holding pattern with traders lacking a bit of conviction to...
Brexit
Dollar expectations skew GBPUSD The British pound fell back sharply against the US dollar in hours before Prime Minister Theresa May triggered Article 50 to officially leave the EU. The trouble with using Brexit uncertainty to explain the drop in the pound is that the euro and yen also fell...
UK
The Article 50 is triggered; the UK has officially sent its demand to leave the European Union. PM Theresa May will speak at the Parliament by the mid-day in London and is expected to reveal the content and the tone of the letter. The completion is aimed for March 2019...
Theresa May
The United Kingdom is under the spotlight, as the country prepares to start the Brexit process on Wednesday, March 29th. As such, the Brexit shenanigans keep the headlines busy, the latest being the bill the UK will need to pay for its EU divorce. The Brexit Secretary David Davis said...
Stock Exchange - FTSE 100 Index
Lack of appetite in mining and energy stocks combined to stronger pound weighed on the FTSE stocks (-0.89%) at the weekly open in London. The FTSE 100 broke the 50-day moving average (7275p) on the downside. The acceleration in the sell-off could encourage a deeper correction to 7225p (minor...
Stock Exchange - FTSE 100 Index
The FTSE 100 stocks stand strong against the pound appreciation. The FTSE index held the ground above the 7300p level on Thursday’s session and opened mixed on Friday. Improved global risk appetite could encourage a recovery toward 7360p, the 200-day moving average, before the weekly closing bell. Support is...
Great British Pound
The UK’s retail sales, excluding autos, grew 1.3% month-on-month, printing a yearly expansion of 4.1% versus 3.2% expected by analysts. The solid data underpinned the GBP-bulls. The pair hit 1.2520 as a reaction to the data and gathers momentum for a further rise toward 1.2565 (minor 76.4% retracement on...
BGC Brokers London Stocks
The sharp appreciation in the pound is taking its toll on the UK stock markets. The FTSE started the day downbeat, as financials (-0.99%) led losses after the US banks took a severe hit at New York session. Energy (-0.38%) and mining stocks (-0.39%) traded softer on further oil and...
Great British Pound
The European equity markets started the week on a heavy risk-off sentiment after the G20 communiqué explicitly reflected the US intentions to establish trade protectionist measures. The FTSE 100 opened downbeat as Cable traded above the 100-day moving average. Mining and energy stocks lead losses on softer oil and commodity...
British Pound vs US Dollar
The pound strengthened after the Bank of England (BoE) revealed a surprise hawkish shift at yesterday’s monetary policy meeting. The MPC voted 8 to 1 to keep the bank rate unchanged at the historical low of 0.25%. This was quite a surprising move from Kristen Forbes, who voted in favour...
London Stock Exchange
Quite a cheerful open in the European markets as the populist PVV was defeated by its major rival in Dutch general election on March 15th. Dutch election results revived hope that the populist movement may have not spilled over the core European Union members. It especially revived faith that Marine...
Janet Yellen
Cable sold off on the back of softer earnings report. The average earnings in Britain grew by 2.2% in three months to January, versus 2.4% expected and down from 2.6% printed a month earlier. The slowdown in wages growth is a sign of stabilization in the labour market according to Bank...
Theresa May
The UK’s Parliament gave Theresa May the permission to trigger the Brexit. The Brexit Bill is expected to receive the Royal Assent today, which means that in theory, May could trigger talks as soon as today. Nevertheless, she is expected to wait until the end of this month to...
Brexit Fears
The Federal Reserve (Fed), the Bank of Japan (BoJ), the Bank of England (BoE) and the Central Bank of Turkey (CBT) will announce their latest policy verdicts throughout this week. Expectations vary. Fed to hike rates, deliver hawkish statement The Federal Reserve (Fed) monetary policy meeting is the main highlight of...
Euro Dollar
As expected, the UK’s industrial and manufacturing production contracted in January. Cable remains offered pre-1.2200. The negative trend is picking up momentum for a potential pullback toward the 1.20 level. The FTSE is better bid on the back of softer sterling. Despite the barrel of WTI consolidating below the $50 level,...
European Central Bank
The European Central Bank (ECB) is expected to maintain the status quo at today’s monetary policy meeting. The bank has already announced to reduce its monthly asset purchases from 80 billion to 60 billion euros starting from next month. The ECB will continue buying assets at least until the...
Theresa May
The GBPUSD plunged to 1.2169 on Tuesday, amid UK PM Theresa May’s second defeat on Brexit before the House of Lords. Investors will keep an eye on the pound as Chancellor Hammond will reveal the UK’s budget at 12:30 London time. Hammond is expected to announce higher social spending, combined...
Great British Pound
The UK has a busy agenda on Tuesday and Wednesday. Today, UK PM Theresa May has yet another tough day before the House of Lords. The UK’s lawmakers are expected to amend her Brexit draft to guarantee their right to reject the final Brexit proposal if it is not satisfactory...
DAX Board
The FTSE 100 opened the week on a negative note; mining and energy stocks started the day on the back foot. Investors lack appetite despite the softer pound. Cable made a bearish start as well. Trend and momentum indicators remain comfortably negative, as sellers are touted at the 1.2300/1.2343 (psychological...

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