FTSE 100 drops on another key Brexit day

0
83
FTSE 100 drops on another key Brexit day

FTSE 100 drops on another key Brexit day

FTSE 100 drops on another key Brexit day

The FTSE 100 fell by around 1% in the first hours of the session to 5,877 points on another key day for the Brexit negotiations. Representatives of the United Kingdom and the European Union are expected to resume talks today to salvage the amicable break-up agreement after British Prime Minister Boris Johnson favored a tough exit, without respecting the pact.

Investors also remain concerned about the economic recovery given the increase in restrictions in response to the second wave of Covid-19 infections. Johnson plans to announce a training plan for the unemployed in order to stimulate employment since more than 700,000 people have lost their jobs due to the restrictions.

The new stimuli could be accompanied by tax increases, according to several analysts, given that social spending is skyrocketing.

So far, in 2020, the FTSE 100 has lost around 22% of its value. In the past five years, It only closed in negative in 2018, with a decline of 12%.

Admiral Markets MetaTrader 5. FTSE100 daily chart

Source: Admiral Markets MetaTrader 5. FTSE100 daily chart. Data range: from January 15, 2020, to September 29, 2020. Prepared on September 29, 2020, at 11 am. Keep in mind that past returns do not guarantee future returns.

As we see in the graph, the FTSE 100 has not managed to rally strongly since the general collapse of the stock markets in March due to the coronavirus pandemic.

Did you know that with Admiral Markets UK Ltd you can speculate not only on bullish movements but also on the bears of the FTSE 100 thanks to Contracts for Difference (CFDs)? If you are interested in starting trading CFDs, just click on the following banner and open a live trading account:

Trade Forex & CFDs

INFORMATION ON ANALYTICAL MATERIALS:

The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter “Analysis”) published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:

1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.

2. Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.

3. In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.

4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter “Author”) based on personal estimates.

5. While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.

6. Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset’s value is not guaranteed.

7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.

Source : https://admiralmarkets.com/analytics/traders-blog/ftse100-key-day-brexit