With the FTSE hitting a record high, please see analysis below from Axel Rudolph, Senior Technical Analyst at IG.

 

Axel Rudolph, Senior Technical Analyst at IG: “The FTSE 100 has joined the global push to fresh record highs, buoyed by improved risk appetite, supportive global trends and strong corporate earnings. With investors drawing confidence from a friendlier interest rate outlook and resilient corporate earnings, the UK benchmark has finally broken through its previous ceiling. With a stellar over 11% rise since the start of the year, it is outperforming peers such as the S&P 500 and Nikkei 225. The move underlines how global market momentum can lift all boats, even in the face of lingering domestic economic concerns.”
 



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