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FTSE 100 struggling so far today

The European stock markets are still struggling for traction so far this morning and none more so than the FTSE 100. The index has not made any progress so far this year. The year to date return currently stands at -0.81%. The FTSE 100 has met with headwinds each time it has tried to push above 7,750 since the start of the year. The FTSE 100 closed yesterday at 7,683 and it is lower this morning. The outlook for UK interest rates to remain higher for longer, as endorsed by the BOE in so much of their recent rhetoric, has caused the markets to retain from pushing the FTSE 100 higher. Looking at the chart right now, the downside seems the more vulnerable for sure, but the index is not exactly crumbling either. The FTSE 100 is currently trading at 7,660
 

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