UK FTSE closes at record level
The UK FTSE is closing up 1.2%, which is good enough for a record close. The UK stocks have been a beneficiary of a lower GBP. The GBPUSD trades at a new 2018 low today (and lowest low since December 27th). The index took out the high from January at 7792.56.
The next target comes in at the topside trend line at 7900. The high today reached 7866.68
In other open European markets today:
- France's Cac rose 0.5%
- Italy's FTSE MIB rose 1.52%
- Portugal PSI20 rose 0.59%
----------------------------------------------------------------------------------------------------
