The FTSE 100 gave up early gains to close 0.3% lower at 6,529 Friday, as investors remained cautious amid ongoing post-Brexit trade negotiations. EU Brexit negotiator Michel Barnier said this morning that there was a chance of getting an agreement but the path to such an agreement was very narrow. These comments followed EU chief negotiator Ursula von der Leyen's positive tone last night as she said she welcomed substantial progress on many issues, but big differences remained to be bridged, in particular on fisheries. At the same time, the UK prime minister continued to signal that a no deal continued to be a “very likely” outcome. On the economic data front, British retail sales fell 3.8% in November, as demand was hit by a four-week lockdown in England; while consumer morale in December improved considerably, boosted by the launch of the country's coronavirus vaccine programme. For the week, the FTSE 100 lost 0.3%.
Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7903.50 in May of 2018. UK FTSE 100 Stock Market Index - data, forecasts, historical chart - was last updated on December of 2020.
The UK FTSE 100 Stock Market Index is expected to trade at 6423.97 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6057.11 in 12 months time.