FTSE 100
NeutralArchived analysis from Sep 2, 2026, 8:54 PM
Key insight
10,800 round-number ceiling is the line to watch — three sessions without a close above it signals distribution; a break opens 11,000 but failure recycles toward 10,600 50-day MA.
10,769 holds but stalls near the 10,800 round-number resistance; flat +0.1% session reflects a market digesting recent gains with GBP/USD at 1.3490 capping export-earner tailwinds.
Main risk
GBP/USD strength compressing FTSE
GBP/USD at 1.3490 squeezes dollar-revenue translation for FTSE's large-cap multinationals; every +1% GBP move typically clips ~0.5% off index EPS.
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