What makes the FTSE move

[Seyyub]

What is making the FTSE move on a intraday basis. Can someone provide a more detailed answer as opposed to directing me to the 100 companies. I am looking for answers around earing reports and how often they are released and other relevant information 

[Robby1]

I’d say the value of the Pound is important as many of the FTSE 100 companies make their earnings overseas. High pound=bearish. Haven’t done a cross correlation to confirm though.

[MongiIG]

On 11/01/2023 at 13:25, Seyyub said:

FTSE move

 

On 11/01/2023 at 19:27, Robby1 said:

FTSE 100

 Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 13 January 2023 

FTSE 100 now 1% away from all-time high

The FTSE 100 is now trading above 7,800, only 1% away from its all-time record high, as Thursday’s US inflation data gave another reason to buy risk.

In view is the May 2018 all-time high at 7,903, followed by the psychological 8,000 mark.

UK GDP slid by 0.3% for the three months to December, a slight improvement on the 0.4% drop for the three months to November. The British economy expanded 0.1% month-on-month in November, easing from a 0.5% growth in the previous period and beating market expectations of a 0.2% decline.

Slips may find support between the January and August 2018 highs at 7,791 to 7,796 as well as along the accelerated January support line at 7,785 and at Wednesday’s 7,773 high.

Source: ProRealTime