FTSE 100
NeutralArchived analysis from Aug 31, 2026, 1:22 PM
Key insight
10,808 sits in no-man's land between 200-day MA support at 10,650 and ATH resistance at 11,050 — neither bull nor bear has conviction. GBP/USD at 1.3542 and oil at $84.9 (+2.4%) are the key swing factors for FTSE's energy-heavy composition today.
10,808 holds above the 200-day MA near 10,650 but stalls below the 2026 all-time high at 11,050 — index drifts flat (-0.05%) as DAX drops -0.8%, signalling selective European weakness.
Main risk
Sterling strength vs USD
GBP/USD at 1.3542 erodes FTSE's USD-denominated earnings translation — a further GBP leg higher caps index upside structurally.
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