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Fyi,
Pay attention to Yen Lagging vs whole Currencies vs Gold USD exposure.

The FTSE is currently indicating a higher opening, while traders are disseminating the worse then expected UK consumer confidence which came out while most traders were sleeping. The confidence index dropped to a record low in July, slipping below the level reached on the eve of the 1990 recession, as house prices slumped and inflation accelerated. We believe that traders believe that these figures will force the Bank of Englands hand and lower interest rates, which would be positive for the FTSE.

The FTSE is currently indicating a sharply higher opening, as traders are trying to get their positions in before the release of the UK consumer confidence numbers which are released at 11pm GMT tonight. There are rumours circulating that the number will be higher then expected. Traders are proving that the old saying buy on rumours sell on the news works. Look for the FTSE to stay in the green the whole day.

BetOnMarkets Weekly Briefing The week ahead. 

The FTSE is currently indicating a sharply lower opening, as traders are worried that the GDP numbers which are released this morning will come out on the weaker end. A weak number would deal another blow to the BOE which has been fighting a war on two fronts, Inflation and a sluggish economy. The good news is that a weaker GDP might force the hand of the BOE to cut interest rates at the next meeting, which would be a positive move for the FTSE.