Quick idea.
Pound's weakness is helping support the FTSE100 index from moving lower. That said, we are also keeping an eye on the whole risk sentiment in the market, because if it turns heavily to risk-off, then it may outweigh the helping hand of a weaker GBP, which may cause the British index to slide. That's why we remain cautiously-bullish for now.
Please see the chart for potential breakout levels.
Don't forget your stop-loss.
Pound's weakness is helping support the FTSE100 index from moving lower. That said, we are also keeping an eye on the whole risk sentiment in the market, because if it turns heavily to risk-off, then it may outweigh the helping hand of a weaker GBP, which may cause the British index to slide. That's why we remain cautiously-bullish for now.
Please see the chart for potential breakout levels.
Don't forget your stop-loss.
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