It’s been a fascinating week for UK Index watchers like us and, more importantly, for our trading clients. Whilst the UK blue-chip UK 100 index looks set to close -0.7% for the week, -2% for the month and 4% away from its record high, we see reason to cheer this latest correction. There are valid…
It’s been a lively week for the UK’s blue chip index and for investors that closely follow UK macroeconomic data. A hawkish barrage from European central bankers and a significant record being broken by UK household debt levels have set markets alight, but what might it mean for your investments? This week’s prevailing story has…
Today, both Germany’s DAX and the US Dow Jones Industrial Index have traded at their highest ever levels, hwile the UK’s UK 100 failed to even reach its best level this week. So we’re asking, “how and why has this happened? The UK Index versus the DAX Both indices are made up of companies that are…
Financial markets detest uncertainty… well, unless that uncertainty causes the value of sterling to fall, boosting the earnings of some 70% of UK 100 constituents trading in dollars, and results in an index gain nearing record levels – welcome to the general election fallout! Does this mean the UK Index could continue to trickle north…
Last week I wrote about how a strong pound sterling was proving a hindrance for the UK Index and its many internationally exposed names (reminder). We are witnessing a similar drag on the index into this long weekend, GBP having embarked on another leg higher (bullish pennant?) versus the USD to trade its best since…
Bookending the UK Index this week are two stocks impacted heavily by a surprise snap election announcement by UK PM May. This sent GBP higher on hopes that a Conservative landslide will allow for a smoother and more orderly Brexit thanks to a bigger parliamentary majority and a better negotiating hand with Europe. It also…