Mon. Dec 5th, 2022

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

FTSE 100 falls on COVID-19 risks

1 min read

FTSE 100

The FTSE 100 dropped on Monday as rising coronavirus cases across Europe stoked worries about its near-term economic impact, while Signature Aviation jumped on reaching an agreement for a takeover deal with Global Infrastructure Partners.

The blue-chip FTSE 100 index fell 0.5%, after gaining for five consecutive sessions, with auto and healthcare stocks leading the declines.

Britain’s chief medical adviser Chris Witty warned that the next few weeks of the COVID-19 pandemic will be the worst as the new, highly-infectious variants of the virus rampage across the country.

“COVID-19 risks have taken centerstage again after last week’s rally and the only reason why the FTSE 100 has not fallen further today is because the pound has taken most of the heat,” said Connor Campbell, a financial analyst at SpreadEx.

The British pound dropped 0.5% against the U.S. dollar to its lowest level since Dec. 29 due to concerns about the spread of the virus in the country.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.