- After trend reversal broader benchmark recorded on November 22, trading session, the FTSE 100 extended gains for the fourth consecutive day and traded 36 points or 0.49% higher at 7,438.08, at the time of writing as on November 27, at 02:40 PM GMT.
- Also, 9 out of 10 constituent sectors traded higher at the LSE, with Technology, Telecommunications Services, and Financials being the top-performing sectors on the FTSE 100 index, while the Industrials is the only laggard over there.
- FTSE 100 traded well above its short-term and long-term crucial support levels of 10-day, 21-day, 50-day and 200-day simple moving average (SMA), with 14-day and 9-day Relative Strength Index (RSI) oscillating near overbought zone. Also, the gap between the 12-day Exponential Moving Average (EMA) and 26-day EMA is positive.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
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