UK Market Update Thurs 02 May: May Pullback continues , Oil Breaks down
The May selling continued today although the moves were none too dramatic and may well be arising from rotations and rebalancing. UKX and NMX slid 0.5%, MCIX down 0.4%, AIM All-Share -0.2% while GBP/USD was down 0.2% with oil down almost 3%. What is of note is that the UKX has slipped below its 21EMA by the most since early Feb 19. … Read More