FTSE 100

Key insight

10,850 cleared with momentum — resistance cluster at 10,900–10,950 (2025 swing highs) is the next test; a close above opens 11,000 psych level. Gold +2.2% and Oil +0.4% underpin mining and energy heavyweights today.

Holds 10,850 with +0.86% gain, outpacing DAX and CAC; FTSE's commodity-heavy composition benefits directly from Oil at $90.2 and Gold at $4,485 — both rallying hard today.

Main risk

GBP/USD strength at 1.3513

Sterling +0.2% vs USD erodes overseas earnings for exporters; FTSE's large-cap multinationals face earnings headwind if GBP extends above 1.36.