The FTSE 100 index is decreased as the diluting tariff fears the strong UK economic data

summary:
• The FTSE 100 index was initially traded up after strong economic data in the UK, but the tariff concerns prompted traders to take highly risky positions.

The FTSE index fell 100 on Friday due to the morale of the sour tariffs, as it decreased by 0.2 % and up to 8,650 points at the time of writing this report. The national network led the largest shares of the market, increased by 2.21 %, gained 1.21 % and the largest shares in the index, and gained Astrazneca 1.18 %. The earnings picked up for two days, with the support of positive retail sales data in the United Kingdom.

UK’s retail sales unexpectedly increased by 1 % in February, stronger than the expected figure in analysts consensus by -0.3 %. In addition, basic retail sales (except for car and fuel sales) grew by 1 %, during the month, stopping 0.5 %. Likewise, the annual environmentally equivalent expectations, printing 2.2 % against the average average 0.5 %.

Also, the US GDP numbers added support to FTSE 100 Index Outlook. According to the data issued by the National Statistical Office on Friday, the British economy grew by 1.5 % year on an annual basis in the fourth quarter of 2024, an increase of 0.9 % of the third quarter and the consensus expectations exceeded 1.4 %.

While these numbers provide tremendous support for the FTSE index and the stock market in the broader UK, the newly announced tariff with cars and mutual definitions pushes merchants to take risk sites. This is likely to become more clear next week, with the possibility of revenge anti -carriers.

FTSE 100 Festival prediction

The FTSE 100 index has its axis at 8,670 and calls for momentum along with a negative extended below that mark. It is possible that the first support will come at the mark of 8,639 points. However, the strongest momentum will be broken without this level and remove the path to the second support test at 8,619.

On the contrary, momentum can turn into the upward trend if the index exceeds 8,670. The index is likely to fulfill the first resistance at 8,688. However, a stronger batch by buyers will clarify this barrier, which nullifies the bullish direction. In addition, the bullish control can take the procedure up to a test of 8,714 points.