Wednesday, 2 September 2020

FTSE 100 Bounces Off Support on Sterling Weakness and Risk-on Sentiment but Client Positioning Remains Heavily Crowded

The FTSE 100 has bounced back into its multi-week trading range, aided by a weaker Sterling and a robust bounce back in UK house prices. Bank of England and EU/UK trade commentary later in the sess...

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...