Busy couple of weeks on results front

PorkInsider

@dingg said in Busy couple of weeks on results front:

Exchange rate, usd weaker v gbp by 0.8% on expected rate cut following Jackson Hole commentary

Also, I believe (I'm sure I'll be corrected if wrong) that the daily update of values we see is not from close of US markets, but some time before that, so if they rose, or fell, later in the session we may not see that next day?

Adam Kay

All prices are taken after the US close. FX is taken at 23.30GMT. With trackers(Global) some of their holdings are on exchanges which have not closed/opened at that time so these specific holdings will not be that days close.

Ronski

IIRC correctly it was 3pm UK time, but that may have changed.

The real reason for the slowdown is because I'm approaching another milestone in my pension pot, and as always it stubbornly doesn't want to go over it

Adam Kay

Hi Ron, There isn't a snap shot take at 3pm UK. I think it's all taken 23.30 GMT(for us) and by doing so it captures the UK close and the US close. The broker-dealer probably does take prices before then as they will supply data to many other asset managers and some of them may report(they do) at 10.30pm uk time (t0) particularly if they have a large exposure to UK stocks.

I hope this helps

PM3

"think" ?

Ronski

Thanks for the confirmation Adam, I seem to remember the 3pm bit was a long time ago, and I thought it may have changed.

Adam Kay

3pm(UK) is 'around' the time that the days buying and selling is conducted.