FTSE 100 Breaks The Most Important Line In 1.5-YRs
U.K.’s FTSE 100 index has hit resistance from the mid-summer period. A-lot of the resistance comes at a time where the ECB is expected to reduce QE in October or at least have plans on doing so. On top of that, a Sterling has been putting downward pressure on FTSE 100 after Brexit fears, along with BOE indicating a rate hike soon. FTSE 100 index is a classic example of what happens when monetary accommodations are removed from the market place.