CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FTSE higher ahead of China deal earnings

Article By: ,  Senior Market Analyst
European markets are trading higher despite a dip in Asian markets with local investors pegging their hopes on a recovery in trade following the signing of the US-China trade deal. There is no official date set yet for the signing but with the Chinese top trade envoy currently on his way to the US the two sides are expected to put pen to paper before the end of this week.

On the FTSE side BAE Systems was the biggest gainer despite the Iran tensions going on the back burner for the moment, particularly after Iran admitted that it mistakenly shot down a Ukrainian plane leaving the country.

Property developers and house builders are on the rise ahead of earnings results from Taylor Wimpey Tuesday and Persimmon on Wednesday. 

Pound drops below $1.30

The UK economy is still digesting its Brexit apprehension and is barely showing signs of life with growth of 0.1% in the three months to November. Although there have been a few positive economic numbers over the last few weeks, including slightly higher housing prices, the glacial pace of economic growth is causing some concern for the Bank of England.

Over the weekend two of its  Monetary Policy Committee members indicated a shift in the Bank’s view saying that they are considering voting for a rate cut at the Bank’s next meeting. The pound dipped 0.68%, sliding below the $1.3 level for the first time since the election.

StoneX Financial Ltd (trading as "FOREX.com") is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, FOREX.com does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date.


This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it. No opinion given in this material constitutes a recommendation by FOREX.com or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.


The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although FOREX.com is not specifically prevented from dealing before providing this material, FOREX.com does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. For further details see our full non-independent research disclaimer and quarterly summary.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

FOREX.com is a trading name of StoneX Financial Ltd. StoneX Financial Ltd is a company incorporated in England and Wales with UK Companies House number 05616586 and with its registered office at 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is authorised and regulated by the Financial Conduct Authority in the UK, with FCA Register Number: 446717.

FOREX.com is a trademark of StoneX Financial Ltd. This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy. FOREX.com products and services are not intended for Belgium residents.

© FOREX.COM 2025