So at 16:22 bought 22 shares of Apple at 126.75 for $2,788.50 or £1,994.10. No commission, no charges.
Now, I could sell the 22 shares at 127.42 for $2,803 or £1,980.57.
The stock has gained 0.6% according to my P&L.
At 16:30 the GBP/USD was 1.40553 and it's now 1.40824. Difference of 0.00271 which is 0.1% higher (roughly).
HOW has the stock gone up and in dollars there's a roughly $15 profit yet in pounds there's £14 loss ??? Now I bought this in my ISA so it's a long term holding, but WHY is this discrepancy not better publicised?
Is this why IG is offering free