Jordan Hiscott, Chief Trader at Ayondo Markets
“FTSE moves to fresh all-time high…and it will keep climbing if Sterling stays weak”
“The FTSE has come out of the blocks sprinting on the first trading day of 2017, moving to a fresh all-time high of 7,202. We may well be facing another tumultuous year in the markets, but a move of this conviction certainly signals a continuation of the uptrend we saw in the latter stages of 2016.
“A key focus for me this year will be the currency dynamic. Should we continue to get a weaker Sterling, we are likely to see the index climb even higher, taking in mind the recent inverse correlation between a weaker GBP and a stronger FTSE.”