Major markets - GBP/USD, Copper & FTSE 100 - Accendo Markets
Cable has spent almost entire October trading in the sideways manner. Technical corrections have been extremely shallow with offers repeatedly hitting the pair above 1.23 area.
Meanwhile, UK’s mining-heavy FTSE 100 index funds itself trapped in a narrow range just below record highs. Watch this segment to know whether the British Pound would finally witness a breakout from the month long range and if the inverse relationship between Pound and FTSE100 would remain intact.
Mike Van Dulken, Head of Research at Accendo Markets presents technical and fundamental view on major markets - GBP/USD, Copper & FTSE 100. He is joined by Tip TV’s Zak Mir.
Van Dulken also discusses technical chart for Copper and the effect of a possible bullish break on UK miners.
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