FTSE 100

Key insight

10,800 round number holds as near-term anchor; break above 10,850 opens 11,000 psychological target, while Oil -1.8% to $85.30 pressures energy names and drags on the index's largest sector weight.

Holds 10,798 with minimal 0.11% loss — index coiled below the 10,850 resistance zone as Gold at $4,675 signals risk-off flows that favour FTSE's commodity-heavy composition but cap upside momentum.

Main risk

Sterling strength vs USD at 1.3646

GBP/USD at 1.3646 compresses FTSE earnings translations — FTSE 100 earns ~70% revenues offshore; each GBP rally cuts reported profits.