FTSE 100
NeutralArchived analysis from Sep 21, 2026, 8:22 PM
Key insight
10,800 round-number cap unbroken; a daily close above it opens 10,950 (2026 swing high). Oil at $92 supports energy heavyweights, but GBP strength at 1.3367 erodes overseas earnings across the FTSE's large-cap multinationals.
Holds 10,748 with a +0.13% drift — stalling just below the 10,800 round-number resistance after a multi-month grind higher; momentum is flat and GBP/USD at 1.3367 caps export-earner tailwinds.
Main risk
GBP/USD strength vs. 1.3367
GBP/USD at 1.3367 cuts translated earnings for FTSE multinationals — every 1% GBP rise shaves ~0.6% off index EPS.
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