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 tumbles following overnight consolidation
The FTSE 100 is selling off sharply this morning, following on from the losses seen late into yesterday’s session. This comes after the index rallied into a crucial resistance zone around 6930.
For today, further losses seem likely, with an hourly close above 6863 required to negate this view. The next key support levels come around 6803 and 6767.