– I’ll be looking for potential Buys above 193.470 targeting Daily Resistance at 194.070 Leaving Runners to the previous Hourly Support formed on 2nd April 2025 around 194.570.
– I’ll be looking for potential Sells below 192.730 targeting previous Hourly Resistance formed at 192.230 Leaving Runners to the Hourly Rejection formed at 191.720.
– The Bank of England has officially lowered its interest rate from 4.50% to 4.25%, marking the first rate cut in this tightening cycle. This decision could signal a shift in the central bank’s stance amid evolving economic conditions.