This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
FX and commodities update: GBP/USD is down 29 pips at $1.5545, EUR/USD is up 11 pips at $1.3379 and USD/JPY is down 44 pips at ¥98.08. Olie - Brent Crude is 31 cents higher at $110.98 and gold is trading $2 lower at $1402.
This morning in London: The FTSE 100 is down seven points at 6485.
The day ahead: With a quiet schedule in the UK after the bank holiday weekend, attention will be on the US, where the Case-Shiller home price index is due at 2pm, followed at 3pm by consumer confidence and the Richmond manufacturing index (all London times).