London Stock Exchange: “Drought” in the London IPO marketDec 15, 2022

The IPO sector on the London Stock Exchange has been extremely poor this year, with the weak economic outlook, high-interest rate environment, and deteriorating business climate undermining the attractiveness of the UK market. Since the beginning of the year, just 40 companies have entered London’s primary and alternative markets.

London’s weak performance, according to CNBC, may be explained by the country’s political instability, chaos in the government bond market, predictions of a deep and long recession, and the ongoing back-and-forth on Brexit issues.

London Stock Exchange: "Drought" in the London IPO market UK100 FTSE100 Weekly Chart
UK100 a.k.a FTSE100 Weekly Chart

From the aspect of Elliot Wave Theory, let’s analyze the UK100. UK100 a.k.a. FTSE100 a.k.a Footsie is trading in a five-wave bullish impulse on the weekly basis and it’s eyeing all-time highs for the 5th wave after recent wave 4 corrective consolidation. Technically speaking we see room up to 8500 area before we will see a higher degree corrective slow down.

Interested in Forex? Aussie has five waves up from the lows. Turning bullish? Check our chart HERE


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.