Market Commentary September 2018
08 Oct 2018
The first week of September saw the FTSE 100 slip to a five month low of 7,383 as the pound fell amid concerns over Brexit. The index recovered from this low to close the month at 7,510.20. This recovery from the low largely driven by rising oil prices.
In economic news, GDP grew 0.6% in the second quarter following on from the hottest summer in a number of years. This stronger than expected figure keeps the UK economy on track to deliver growth of 1.3% for 2018.