The FTSE continues to lag the other major global indices.
Mike Van Dulken, Head of Research at Accendo Markets talks to Matt Brown and looks at the wider time frame on the FTSE performance and notes it being the “Odd Bod” in the global indices basket.
Van Dulken highlights the strength of the pound as a hindrance to the UK Index. He believes that a rate hike is already priced into the market. An unchanged stance from the next MPC meeting could be the driver to push the index higher.
Overall, the stronger pound and ongoing Brexit negotiations are the key drivers for the index performance despite strong results coming from FTSE companies.
To see more from Mike Van Dulken on Core Finance you can use this link: http://www.corelondon.tv/?s=mike+van+dulken
You can also check out more videos on the UK Index using this link: http://www.corelondon.tv/?s=FTSE