28.05.2020 FTSE 100 Daily Analysis

28.05.2020 FTSE 100 Daily Analysis

The FTSE 100 has been on an upward trend for the past four sessions and the latest development comes after a €750 billion stimulus plan by the EU raised the excitement. On average it is expected that businesses will be returning back to normal by the second quarter. In the UK, the economy is expected to be reopened by the start of June. So far the UK has had the most confirmed Covid-related deaths in the region. On Thursday Michael Saunders, external Bank of England Monetary Policy speaker will be speaking via webinar. Since he's one of the voting members with regards to where the nation's interest rates will be set, his engagement will be used by investors to see if any subtle hints are dropped with regards to future monetary policy.