Morning FTSE 100 rally fades amid GBP volatility
A bullish start to trade today for the FTSE 100 has faded amid a sterling rebound on rumours that Article 50 could be reversed unilaterally. That being said, we have been seeing a period of strength over the past two weeks, and there is a strong chance we will see further upside in the near future.
As such, this current weakness looks likely to be a short-term phenomenon before we see a move higher. A break below 6959 would be required to negate that bullish outlook. Be aware, this market is likely to be highly volatile and predictable given the often conflicting and unpredictable news relating to Brexit.