2023-10-22 15:21:12

FTSE 100 index forecast for November 2022

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By Stanko Iliev

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Stanko Iliev

Stanko is a Financial Analyst for Invezz covering stocks, cryptocurrencies, and worldwide indices. He has significant experience trading forex,… read more.

on Oct 22, 2023

FTSE 100 index advanced last week
Liz Truss resigned as the Prime Minister of the United Kingdom
The UK reported that retail sales fell more than expected in September

FTSE 100 index advanced on Friday and closed the week at 6,969 points even though Liz Truss resigned as the Prime Minister of the United Kingdom.

Liz Truss spent only 44 days in office, which makes her the shortest-serving Prime Minister in the history of Great Britain; still, she will remain in the role until a successor is named, with a leadership election to be completed “within the next week.”

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The resignation follows heavy criticism against the mini-budget unveiled in late September, and new finance minister Jeremy Hunt reversed almost all tax measures set out in Liz Truss’s mini-budget.

#index #forecast #stock #forex #finance

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