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    Blame it on the Brexit – UK100 breaks 6000


    UK100, Daily        

    The Brexit Blues: The falling pound and rising UK government bonds ripples through to the UK stock market. The UK100 fell below the key psychological level and big round number of 6,000 earlier today. This is the first time since the winter sell off in stocks during January and February that the main UK stock index has fallen below 6000. It has now lost over 350 points (5.7%) in little over a week. The uncertainty over Brexit has been felt even more significantly on the European stock markets with the main French index (FRA40) down 7.60% and the German GER30 down 8.36% over the same period.

    Next support levels for the UK100, are 5880, further out 5700 and Monthly support (from 2012) down at 5360.  


    These are highly volatile times all driven by the uncertainty surrounding the potential of Brexit and a great example of how sentiment and  fundamental news can drive global markets. It also shows how interconnected all the financial markets are. Join me at next week’s webinar as we explain all these relationships.





    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in: 

    Stuart Cowell

    Market Analyst 


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