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Bulls fighting back with 7590 7623 resistance | 7570 7536 support

#1 · 26th January 2024, 10:40 am

Technical analysis for FTSE 100 for 26th January 2024

Britain's benchmark index was muted on Thursday and mid-cap stocks climbed following corporate updates, while hotter-than-expected U.S. GDP data tempered hopes of early interest rate cuts by global central banks. The blue-chip FTSE 100 was flat, while the domestically focussed FTSE 250 added 0.3%, reversing early losses.

Industry survey showed British retail sales volumes slid in January at the fastest pace in three years, indicating that retailers are still feeling the strain from increases in prices and interest rates over the last two years.