This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
FTSE breaks key resistance level
The FTSE is breaking higher this morning, with the index pushing through the highly notable 7452 level. This break through the late June swing high means we are now looking at a recovery for the index, with a move back to the previous high of 7600 looking increasingly likely.
As such, for now, we look to have instigated the beginning of a renewed bullish phase, where a break back below 7357 would be required to negate that view.