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GDP improves but bulls on the back foot | 7550 7530 7500 support | 7599 7648 resistance

 

FTSE 100 technical analysis for 11th August 2023

GDP improves but bulls on the back foot

The FTSE 100 closed 0.41pc higher at 7,618.60, while the domestically-focused FTSE 250 midcap index ended 0.3pc up at 18,993.81. The FTSE 100 underperformed against its European counterparts, with France’s stocks surging 1.52pc and Germany’s up 0.91pc.

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