The FTSE 100 leapt higher Friday helped by a weakening GB Pound in the midst of renewed concerns regarding a more likely No Deal Brexit and with the current Conservative Government under Prime Minister Theresa May looking more fragile.
GBPUSD was technically weakened by Friday’s selloff, leaving risks still lower for late September (and beyond).
In addition, the already recovering FTSE 100 was boosted by a strong recovery on Base Metals markets, as we featured in our last report here
These factors leave the bias higher for the FTSE 100 into the end of Q3 (and on into October).
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/ftse-100-surges-as-the-pound-plunges-amid-resuming-brexit-concerns/