UK’s benchmark index edges higher for the 7th successive day

  • Dec 19, 2019 GMT
  • Team Kalkine
  • Supported by improving global sentiments post a trade deal signed between the US and China, the large-cap gauge of the UK “Footsie” traded 20.0 points or 0.30% higher at 7,562.0. The index extended gains for the 7th consecutive session and traded above 5-day, 10-day, 20-day, 30-day, 50-day, 100-day and 200-day SMAs, which is perceived to be a favourable technical trend.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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