FTSE 100

Key insight

10,761 sits in no-man's-land: 200-day MA at 10,650 limits downside, 2026 swing high at 10,850 caps upside. Oil +1.1% to $92.3 supports energy heavyweights BP and Shell, cushioning the index vs. peers.

Fading -0.47% to 10,761 as pan-European risk-off (DAX -0.5%, CAC -0.6%) weighs; FTSE holds above its 200-day MA near 10,650 but lacks a catalyst to break the 10,850 resistance zone.

Main risk

GBP/USD stability cracking below 1.35

GBP/USD holds 1.3538 today, but a break below 1.3450 would tighten BOE policy expectations and hit domestic earners hard inside the index.