Introducing Surge - Intelligent Book and Execution Optimisation Platform

Happy Budget Day to those in the UK! This is a historic occasion: in the 800 years since the role of Chancellor of the Exchequer was established, this is the first time a female Chancellor will present the budget.

Equity markets had a good night, with only the CSI 300 index in negative territory (-1.01%). HSBC Holdings Plc announced a fresh multi-billion dollar stock buyback as it reported better-than-expected earnings.

"Mind the Gap" is a reference to both oil and gold this morning. Oil fell as Israeli strikes on Iran over the weekend avoided the OPEC member’s oil facilities, with West Texas Intermediate declining 5% to $68.15. XAUUSD also gapped down $10 on the open.