Eliman Dambell
Tradeview Markets
Monday’s barish sentiment translated to the United Kingdom, with the FTSE 100 closing lower as house prices fell for the first time this year.
According to figures from real estate giant Rightmove, house prices in Britain dropped by 0.3% from July to August, which was the first slip up in 2021.
This comes as the United Kingdom once again saw COVID-19 cases rise last month to their highest level since February, as a result of the highly contagious delta variant.
Many believe that we may see the impact of this more this week, as the UK gets set to release further economic data.
These will include employment change on Tuesday, inflation on Wednesday, and retail sales Friday.
GBPUSD fell to an intraday low of 1.3828 on the news.
Tesla stock fall as regulators launch investigations
Shares in Tesla were lower in today’s trading session, as regulators in the U.S. launched a formal investigation into recent accidents involving the electric vehicle.
The National Highway Traffic Safety Administration today said it was investigating the company's autopilot system, following a series of fatal crashes.
It was reported that around 17 people were substantially injured, with 1 dead driver in the last 3 years, from potential failures in the autopilot system.
The agency will now investigate to see if certain environments impact the use of the AP system.
Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended. This electronic mail message is intended only for the person or entity named in the addressee field. This message contains information that is privileged and confidential. If you are not the addressee thereof or the person responsible for its delivery, please notify us immediately by telephone and permanently delete all copies of this message. Any dissemination or copying of this message by anyone other than the addressee is strictly prohibited.
Recommended Content
Editors’ Picks
Gold clings to daily gains around $3,030
Gold prices maintain their constructive bias well in place on Tuesday, now receding somewhat following earlier record peaks near the $3,040 mark per troy ounce, always on the back of fresh geopolitical effervescence and tariff fears.
EUR/USD remains under pressure near 1.0900
The mild rebound in the US Dollar keeps the price action around EUR/USD depressed around the 1.0900 region in a context where the risk aversion as well as pre-Fed cautiousness continue to prevail.
GBP/USD meets daily contention near 1.2950
GBP/USD remains on the back foot despite briefly surpassing the 1.3000 barrier earlier in the day, coming under fresh selling pressure in response to the better tone in the Greenback.
Trump-Putin talks raise hopes of a ceasefire – Middle East risk returns
The prospective end to the Russia-Ukraine war has traders excited for a more positive growth outlook in Europe going forward, with heavily industrialised nations such as Germany having suffered under the weight of elevated energy costs in recent years.
Tariff wars are stories that usually end badly
In a 1933 article on national self-sufficiency1, British economist John Maynard Keynes advised “those who seek to disembarrass a country from its entanglements” to be “very slow and wary” and illustrated his point with the following image: “It should not be a matter of tearing up roots but of slowly training a plant to grow in a different direction”.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.