TipTVFinance

FTSE100 – Weak response to Sterling slide

TVC:UKX   FTSE 100
The index is trading moderately lower on the day around 7020 levels…This is despite the 100-pip drop in Sterling. The currency currently trades around 1.2630.

The lackluster reaction in the FTSE100 index forces us to consider whether the equity markets are no longer comfortable with sliding currency.

Moreover, what this means is the index may suffer sharp correction, since it is not responding to sliding currency as it did while the index is anyways vulnerable to correction in Pound.

A drop below 7K figure could yield a quick fire drop to 6940 levels.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out