Its the last trading day for February and its also the last day for the Sequester deadline in the States so we could see volatility today and difficult price action.
The rally from the US yesterday has driven the FTSE higher and is a clear indication the market is pricing in a solution to avoid budget cuts. If the deadline passes with no problems then new highs are likely towards 6450 going forward. If there is a problem and the market has not priced this in then we will see a sell off [Read the full report]
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