The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
FTSE 100 continues to gain
Yesterday’s strong FTSE rally, based on Mark Carney’s new stimulus package, has continued modestly this morning, with the index pushing back to 6780 and the peak from 27 July. A break above here would suggest further gains in the direction of 6850.
Weakness on the final day of the week would indicate a move back in the direction of the lows of the week near 6600, but it looks like the upward move could continue for the time being, helped along by sterling weakness.