FTSE 100 heads south

FTSE 100 heads south

On Friday, British blue-chip equities went down, getting back to negative territory after American leader Donald Trump told that he was geared up towards slapping duties on some $500 billion in China’s imports, potentially boosting his administration’s trade clash with the officials, who run the world’s number two economy.

The FTSE 100 index UKX edged down by 0.1% being worth 7,678.79. By the way, on Thursday, the index managed to ascend by 0.1%.

The currency pair GBP/USD hit $1.3105, reviving from an intraday minimum of $1.2995. On Thursday, the British pound dived below $1.30 getting to its lowest value versus the evergreen buck since early September.

The currency pair GBP/EUR gained 0.19% hitting €1.1201 versus Thursday’s outcome of €1.1178.

On Friday, Donald Trump dared to have China accused of manipulating its Yuan. The matter is that the weaker Chinese currency makes Chian’s products more competitive.

The European Union, China as well as other nations have been manipulating their currencies and also interest rates lower. Meanwhile, the Fed has been increasing its rates, thus backing the evergreen buck over and over again.

The FTSE 100 had leapt, underpinned by weakness in the UK currency versus the evergreen buck, although the greenback started losing more ground following Trump’s latest threat of more duties.

A lower value of the British currency can assist in raising the FTSE 100 due to the fact that a great number of multinational companies listed on the index make most of their sales in other assets.

The British currency had been forced to tumble to 10-month minimum following gloomy retail sales data on Thursday affected expectations that the Bank of England is going to have the benchmark interest rate raised from 0.5% at its gathering on August 2.

The equities of Glencore PLC GLEN slumped by 1.6%.

Similar

American equities slump

On Thursday, American equities headed south due to the fact that gloomy earnings reports from industrials backed fears about soaring expenses as well as the impact of levies, contributing to worries over higher borrowing costs after hawkish remarks from…

American equities inch down

On Wednesday, American equities lost in their value in rather a choppy trading session, unable to proceed with their surge from the previous trading marathon because IBM snapped a run of firm blue-chips profits and gloomy housing data suppressed Home…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera