FTSE 100 clears 7,600 for the first time since October 18

Following on from earlier updates, noting the likelihood of further outperformance in the FTSE 100 index today, it has continued to press higher and now it has reclaimed the 7,600 handle, for the first time since October 18. From a chart perspective there is not much to note this side of 7,700, but it is unlikely to reclaim those heights today. That said, all the dynamics that have led the index higher so far today do remain in place and now the lower pound this morning and lower UK wages data is fuelling this renewed buying spree, at the expense of pretty much all that surrounds it right now. The index is currently trading at 7,603