FTSE 100
NeutralArchived analysis from Sep 3, 2026, 3:39 AM
Key insight
10,800 resistance unbroken — FTSE needs a close above it to confirm breakout; without that, index risks fading back toward 50-day MA near 10,580. Gold at $4,427 lifts miners, partially offsetting GBP drag on multinationals.
Holds 10,764 with +0.06% drift — stalling just below the 10,800 round-number resistance, as GBP/USD at 1.3493 caps earnings upgrades for the index's dominant dollar-earner cohort.
Main risk
GBP/USD strength at 1.3493
Sterling at 1.3493 compresses GBP-translated earnings for FTSE's large-cap dollar earners; every 1% GBP rise cuts ~2% from index EPS estimates.
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