Market Commentary November 2018


Craig Hendry

Craig Hendry

Managing Director & Chartered Financial Planner


With the possibility of the Brexit deal agreed by Theresa May and the EU being voted down by Parliament, the FTSE 100 index struggled to gain any momentum and slipped further closing the month at 6,980.24.

The financial markets do not like uncertainty and this has been evident in recent months with the continued stock market volatility haunted by the spectre of Brexit and the US/China trade war.

Following the hasty sell off in the global equity markets in recent months, doubts have been raised about the US Federal Reserve’s willingness to follow through with its plan to increase interest rates in December.

In the commodities markets, the realisation that the US sanctions on Iranian oil imports were not going to be as strict as first thought, led to the price of oil falling substantially on over supply fears.

On the currency exchanges, Sterling awaits the outcome of the Brexit vote pencilled in for 11th December...

 30 November 20181 month6 months12 months
FTSE 1006,980.24-2.07%-8.60%-4.73%
GBP/USD1.27570.39%-3.41%-4.91%
GBP/EUR1.1220-0.44%-0.61%0.28%
Brent Crude (US$)58.71-22.21%-25.90%-7.88%
Gold (US$ per oz)1,220.520.47%-2.56%-4.95%

Sources:

www.xe.com

www.bloomberg.com

www.bbc.co.uk

www.bankofengland.co.uk

Disclaimer: This newsletter is intended to provide a general review of certain topics and its purpose is to inform but NOT to recommend or support any specific investment or course of action.

Past performance is not necessarily a guide to the future. You may not get back the full amount of your investment.