What’s Causing FTSE to Trade Higher Today? - Forex News by FX Leaders

What’s Causing FTSE to Trade Higher Today?

Posted Thursday, June 20, 2019 by
Arslan Butt • 1 min read

FTSE 100 surges higher on Thursday, as global stock markets received a boost from hints that the Fed could cut interest rates soon. At the time of writing, FTSE is trading a little above 7427.

On Wednesday, Fed announced its decision to keep interest rates on hold but signaled that the markets could expect the next rate cut to happen as early as July. Looser monetary policies are expected from other central banks which will most likely follow the Fed, causing a rally in stock markets worldwide.

Another key driver behind FTSE climbing higher is the sharp rise in crude oil prices. This has helped shares of oil companies trade higher, pulling the overall index up as well.

Later today, the Bank of England is expected to announce its monetary policy decision, which could also have an impact on FTSE.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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