UK100 pulled back from1-week high reached on Wednesday ahead of the Bank of England’s interest rate decision. The UK central bank is expected to raise its key rate by 25bps after yesterday's hotter-than-expected British inflation data for February. Banking sector is taking the biggest 1.0% hit, snapping two consecutive sessions of gains.
From technical point of view, UK100 returned below major support at 7520 pts, which is marked with previous price reactions and 38.2% Fibonacci retracement of the last upward wave. If current sentiment prevails, downward move may deepen towards next support at 7360 pts, which coincides with 50.0% retracement and 200 SMA (red line) or even recent lows at 7200 pts where lower limit of the 1:1 structure is located.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชีจริง ลองเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ![](https://xtb.scdn5.secure.raxcdn.com/postContentImage/0102/85/d5450936-dabd-4868-bce4-2f6a87030135/chart-2023-03-23t105356-757.png)
UK100. D1 interval. Source: xStation5