Market insights

Huge Day Of News

Today sees a massive day of news, and that's on the back of a big 24 hours around the US election.

Global stock markets have generally seen a big uptick on the back of the result.

The Dollar immediately gained versus the Pound although the volatility has died down.

Both the Bank of England and the FED are expected to cut their base rates by 25 points to 4.75%.

These cuts look nailed on, but it will be the vote count that will likely be the deciding factor on any intra day movements.

Business news is naturally dominated by the US election and the outfall to global stock markets.

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Economic calendar

UK: 12:00 BoE Interest Rate Decision

UK: 12:00 MPC Vote Count

UK: 12:30 BoEs Andrew Bailey Speech

US: 19:00 FED Interest Rate Decision

US: 19:30 FOMC Press Conference

As ever we look forward to keeping you in the loop and look out for our next update.

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