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This morning in London: The FTSE 100 is currently down 43 points at 6469.
FX and commodities: GBP/USD is up 11 pips at $1.6148, EUR/USD is down 34 pips at $1.3487 and USD/JPY is down 36 pips at ¥97.85. Brent crude is down 110 cents at $107.52 and gold is trading at $1340, up $3.93.
The day ahead: In the UK, the Conservative party might be holding its conference, but politics in Italy and the US are more likely to affect equity markets. Once again it looks like President Obama will be unable to gain an early resolution to the ongoing spending debt debate, while Italy has once again seen its incumbent government struggle to maintain power, and although not an uncommon problem this is happening at an inconvenient time. UK traders will be looking out for M4 money supply figures along with the latest set of mortgage approvals, which are both due to be released at 9.30am.