Instrument: UK100
Bullish Preference:
Buy position is envisaged if price trades above 7497.1 with take profit at 7513.2.
Bearish Preference:
Sell position is envisaged if price trades below 7473.5 with take profit at 7456.1.
Fundamentals:
12:00pm GBP
MPC Official Bank Rate Votes
Monetary Policy Summary
Official Bank Rate
Comment:
After Federal Reserve Chair Jerome Powell stuck to his recent hawkish tone on the bank’s likely interest rate path, the focus switches to the Bank of England’ policy decision later in the day. Futures indicated stocks in Europe were set to open deep in red, with Eurostoxx 50 futures down 0.51%, German DAX futures down 0.55% and FTSE futures down 0.63%.
Analysis: SCRUM Team