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 hitting highs
Another good day on Friday saw the FTSE 100 hit its highest level since the beginning of February. Further gains from here will target 7796, the highs from January.
Buying pressure developed around the 7340 area last week, when a short-lived consolidation was resolved in favour of a push higher. Sustained price action below 7300 would be needed to indicate that the bulls are no longer in control.