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 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 weakness continues
FTSE weakness this morning continues the downtrend seen since 15 August, even if we may see some hesitation ahead of Janet Yellen’s speech today.
Nonetheless, it will take a move through 6850 to break the descending channel seen below on the two-hour channel. A drop through yesterday’s low at 6780 might see the index head in the direction of 6600/6650.