Go to http://www.cityindex.co.uk/market-analysis/ for more trading insights from spread betting and CFD trading provider City Index. Here, Alexandra Coote brings you the key activity shaping the markets on 20th July. Headlines include:
- The UK 100 opened positive this morning, up 22 points.
- The UK index is currently up 43 points, while the Dax is up 40 points, CAC is up 27 points and Dow Futures are up 24 points so far.
- Britain's FTSE 100 Index was seen opening up 25 points, tracking strong gains overnight on Wall Street and in Asia after signs of progress on a US budget-reduction deal, and following some solid US corporate earnings.
- GBP/USD is currently at 1.6077, EUR/USD is trading at 1.4185 and USD/JPY is trading at 7894.
- Gold is currently trading at 1.593, off highs of 1.610 seen yesterday.
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