FTSE 100 is stuck in holding pattern, with record maximum in sight

FTSE 100 is stuck in holding pattern, with record maximum in sight

On Wednesday, British equities traded in tight ranges because market participants waited for fresh catalysts to push the markets up and break into new record territory.

The FTSE 100 index UKX slumped 0.1% being worth 7,534.49, which is 0.2% below the record maximum reached on May 26.

The London benchmark has recently been spurred by a dip in the British pound as well as by renewed confidence that Prime Minister Theresa May might hold onto her cabinet’s support for her Brexit initiatives.

May told that the ball is currently in the EU’s court for moving talks along. The prime minister also stressed that the British government is preparing for the divorce negotiations, but they might fail and offer no Brexit deal.

Meanwhile, the currency pair GBPUSD tumbled to $1.3193, sliding from $1.3204 hit on Tuesday.

Equities of Mondi PLC MNDI slid 8.6% right after the packaging and paper group informed that underlying performance for 2017 is supposed to be a bit below market expectations.

Similar

Asia-Pacific equities generally inch up

On Friday, stocks of the Asia-Pacific region mostly tacked on, ramping up revenues from the previous trading marathon, reacting to upbeat signals from Wall Street because market participants shifted their focus to the approaching season of corporate…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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