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Hawkish Fed leads to drops | 8070 8049 support | 8140 8207 resistance | BoE holds

#1 · 19th December 2024, 11:25 am

Technical analysis for FTSE 100 for 19th December 2024

Well that wasn't very festive of the Fed last night with them killing off the Santa Rally before it had even really started. They raised their inflation forecast which set the cat amongst the pigeons, despite cutting the interest rate as expected. We have the BoE today with rates here likely to remain on hold, though inflation here as also ticked up according to data yesterday. As most of us know it's actually a lot higher than 2.6% in the real world anyway!

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