{"id":3534,"date":"2023-08-03T09:49:19","date_gmt":"2023-08-03T09:49:19","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3534"},"modified":"2023-08-15T10:58:22","modified_gmt":"2023-08-15T10:58:22","slug":"ftse100-awaits-bank-of-englands-move-amid-inflation-battle-and-poor-earnings-releases","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/es\/comercio\/ftse100-awaits-bank-of-englands-move-amid-inflation-battle-and-poor-earnings-releases\/","title":{"rendered":"FTSE100 Awaits Bank of England&#8217;s Move Amid Inflation Battle and Poor Earnings Releases"},"content":{"rendered":"<p><em>Piece written by Alexa Smith, Trive Financial Market Analyst&nbsp;<\/em>&nbsp;<\/p>\n\n\n\n<p>The FTSE100 (LSE: UKX) has been subdued in anticipation of the Bank of England\u2019s interest rate decision this afternoon. The UK has been struggling with persistently high inflation, but both headline and core inflation subdued after the BoE aggressively hiked interest rates by 50 bps last month.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Although headline and core inflation reported lower-than-expected figures of 7.9% and 6.9%, respectively, the Bank of England may be encouraged to hike rates by another 25 basis points today as inflation remains high. Additionally, earnings releases have been subdued as 94% of the companies within the index trade within the red due to poor earnings releases and the country\u2019s ongoing struggle with persistently high inflation. While prospects of further rate hikes may push the UK into a recession, high inflation seems to be a more pressing issue.&nbsp;<\/p>\n\n\n\n<p><strong>T\u00e9cnicos<\/strong>&nbsp;<\/p>\n\n\n\n<p>A downward trend seems to be in full swing on the 4H Chart, with major support and resistance established at 7,231.21 and 7,915.15, respectively. Bullish momentum attempted to stage a reversal but was met with resistance at the 7,710.77 level, which encouraged a pullback towards the 7,449.33 support at the 38.20% Fibonacci level.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Since the price action established support at the previous resistance level of 7,449.33, a breakdown of this level may encourage further downside momentum towards the 7,231.21 major support, as the index intersected below the 50-day moving average. However, the 7,449.33 or 7,231.21 support levels could hold, which may encourage a leg up towards the 7,710.77 resistance, marking a possible pivot point towards the 7,915.15 major resistance.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"603\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/08\/image-7-1024x603.png\" alt=\"\" class=\"wp-image-3535\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/08\/image-7-1024x603.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/08\/image-7-300x177.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/08\/image-7-768x452.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/08\/image-7-18x12.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/08\/image-7.png 1439w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Resumen<\/strong>&nbsp;<\/p>\n\n\n\n<p>The FTSE100 is slipping further into the red on the backdrop of poor earnings and the BoE\u2019s interest rate decision expected today. If the BoE hikes rates by 25 basis points, the index may succumb to the 7,231.21 major support. However, the 7,449.33 level could hold, which may encourage a leg up towards the 7,710.77 resistance.&nbsp;<\/p>\n\n\n\n<p>Sources: TradingView, Office for National Statistics, Trading Economics, Reuters, Fidelity&nbsp;<\/p>\n\n\n\n<p><em>This material is provided for informational purposes only and does not constitute financial, investment or other advice. No opinion contained in this material constitutes a recommendation by Trive Financial Services Malta Limited or its author as to any particular investment, transaction or investment strategy and should not be relied upon in making any investment decision. In particular, the information does not take into account the individual investment objectives or financial circumstances of the individual investor. Trive Financial Services Malta Limited shall not be liable for any loss, damage or injury arising from the use of this information.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Piece written by Alexa Smith, Trive Financial Market Analyst&nbsp;&nbsp; The FTSE100 (LSE: UKX) has been subdued in anticipation of the Bank of England\u2019s interest rate decision this afternoon. The UK has been struggling with persistently high inflation, but both headline and core inflation subdued after the BoE aggressively hiked interest rates by 50 bps last [&hellip;]<\/p>","protected":false},"author":15,"featured_media":3536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTSE100 Awaits Bank of England&#039;s Move Amid Inflation Battle and Poor Earnings Releases - Trive Blog<\/title>\n<meta name=\"description\" content=\"The FTSE100 has been subdued in anticipation of the Bank of England\u2019s interest rate decision this afternoon.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.trive.com\/es\/comercio\/ftse100-awaits-bank-of-englands-move-amid-inflation-battle-and-poor-earnings-releases\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTSE100 Awaits Bank of England&#039;s Move Amid Inflation Battle and Poor Earnings Releases - 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