FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?
2021-01-06 21:10:00
Peter Hanks,
Strategist
FTSE 100 Price Outlook:
Subsequent resistance may reside at the 7,000 mark
That said, the FTSE 100 could fall prey to a case of the “buy the rumor, sell the news” effect
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FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?
The FTSE 100 suffered due to Brexit uncertainty for months, but a recent deal may have opened the door to a longer-term recovery. The index has surged nearly 400 points (+5.4%) this week alone, suggesting there is still significant demand for the index even after the agreement was struck in late December. Can the FTSE 100 push higher still or will bullish sentiment recede?