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 could find resistance at 7333
The index has fallen back from its highs above 7300, but while this may simply be another dip in this remarkable trend, a rising pound (admittedly off its lows) could spell the end for the rally.
We would look for an initial close below 7250, and then sub-7200, as an indication the sellers are now in control. Resistance lies at 7295 and then 7333.
.jpg)
