FTSE 100

Key insight

The FTSE 100 set a fresh all-time high at 10,950.32 on July 30 and is now pulling back just 0.4% from that peak — the index is in price discovery territory and any confirmed close above 10,950 opens air to 11,000+.

The FTSE 100 is consolidating just below its all-time high of 10,950.32 set on July 30, supported by record-breaking earnings from Rolls-Royce, Shell and Mondi, rising oil prices, and a new Chancellor's fiscal reassurance — all pointing toward a retest and potential break of the 10,950 all-time high.

Main risk

Bank of England Rate Decision & Middle East Geopolitical Escalation

The BoE policy stance (last held at 3.75%) and renewed Middle East tensions risk triggering risk-off selling that could snap the record rally and pull FTSE back toward the 10,700 support zone.