The Economy blog

In Britain, the blue chip index of the country decreased by as much as 0.6 percent recently. One of the main factors to blame is the weaker prices of the raw materials which take toll on the miners and the oil producers at the same time. However, both Centrica as well as AstraZeneca were offering their support despite the index’s plunge.

Last week, the FTSE had an increase in points by as much as 5 percent. Unfortunately, their points fell down by 26.59 points closing at 4,435.5 only.

One of the most renowned sales traders of the IG Markets said that the rally for the past few weeks was the major influence for the corrections that they recently had. Philip Gillett eve said that they are thankful because they thought that the corrections would be more serious. They are also hoping that there would be improvement in the weakening economy of UK in the next weeks.