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 pullbacks provide long opportunity
The FTSE has pushed higher once more, aided by the sterling weakness evident through the Asian session. We have seen the index pall back to the 76.4% retracement at the open, with price rallying since.
As long as we do not see the index drop back below 7308, a bullish outlook remains in place for the creation of new highs.