FTSE 100 is under pressure
On Tuesday, British stocks went down, moving lower for a second trading session because market participants would like to know what Mark Carney, BoE governor will say regarding how to manage the country’s monetary policy in the wake of Brexit.
The FTSE 100 slumped 0.3%, reaching 6,504.38, headed by losses among basic materials, financial as well as consumer services stocks. On Monday, the index dipped 0.8%, mostly affected by property stocks.
Monday’s slump appeared to be the first for the blue chips for five trading sessions. During that run higher, the FTSE 100 managed to recapture its losses suffered after British voters supported a proposal for their country to leave the European Union.
On Tuesday, attention will turn to Mark Carney, Bank of England Governor, who is going to discuss the bank’s Financial Stability Report soon.
Carney has already warned of the multiple risks of Brexit before the vote, and it feels like he’s taking it seriously.