UK Stocks End Week Lower on US-Iran Ceasefire Uncertainty and BoE Warnings

Although GOOGL shares rose 2% in the last close, the RSI at 55.8 remains in neutral territory and the MACD is below its signal line. The decline in UK markets and geopolitical uncertainties highlighted in the news may limit risk appetite in the near term. Technically, the 20-day SMA (350.73) is being watched as resistance, while the 50-day SMA (343.70) could act as support. Therefore, further catalysts should be awaited to determine a clear direction.

The FTSE index closed the week lower, with technical indicators pointing to weakness. The RSI stands at 43, approaching the sell zone, while the MACD line remains below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, indicating negative short-term momentum. News flow, including the US-Iran ceasefire and BoE warnings, may create uncertainty and increase selling pressure. However, I consider that the RSI has not yet reached oversold territory, leaving the market open to potential buying on dips, which could prevent the decline from becoming excessive.

The news headline indicates that the decline in UK stocks is driven by the US-Iran ceasefire and warnings from the Bank of England (BoE). This could put pressure on GBP. On the technical indicators, the RSI is at 49.3, in neutral territory, the MACD is below the signal line, and the price is trapped between the SMA20 and SMA50. A weak bearish trend may be expected in the short term, but the movement could remain limited.

Brent crude fell 2.9% in the last close to $104.39, with the RSI approaching oversold territory at 32. News of a US-Iran ceasefire could ease supply concerns, putting downward pressure on oil prices. The MACD remains below the signal line, and trading below the SMA20 (110.65) and SMA50 (107.11) averages presents a technically weak outlook. In the short term, the downtrend is likely to continue, though some buying may emerge due to oversold conditions.