Sometimes we notice trends and trade those trends however it only becomes apparent sometime afterwards what the reason was all about. I’ve been selling any strength in the FTSE100 for some time now based on the premise than it did not seem to be able to make new all-time highs and was lagging its European and American pears. The 6900 area continued to be significant resistance even as the S&P and Dax made new all-time highs. That was the trend I noticed. The reason is debatable but the BOE’s Carney dropped a bombshell last night; interest rates will be rising sooner than expected. The UK Chancellor backed him up this morning saying that London house prices were rising unsustainably. So with rates rising sooner in the UK will that allow the FTSE to break key support just under 6800? Here’s another question; will traders begin to look around the world to see where the next bombshell will come from and will all eyes turn to the FED and the Greenback? It’s too early to tell of course but should this happen we could well see some follow through from the recent drop in the S&P500 through key support at 1930. Guest post by Gary Corney of  www.fxlight.co Guest Guest View All Post By Guest Forex Bits share Read Next EUR/USD: Trading the Michigan Consumer Sentiment Index June 2014 Kenny Fisher 8 years Sometimes we notice trends and trade those trends however it only becomes apparent sometime afterwards what the reason was all about. I've been selling any strength in the FTSE100 for some time now based on the premise than it did not seem to be able to make new all-time highs and was lagging its European and American pears. The 6900 area continued to be significant resistance even as the S&P and Dax made new all-time highs. That was the trend I noticed. The reason is debatable but the BOE's Carney dropped a bombshell last night; interest rates will be rising… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.