FTSE 100

Neutral

Archived analysis from Sep 23, 2026, 3:34 AM

Key insight

10,754 sits in no-man's land between Sep 18 swing low (10,659) and Sep 17 swing high (10,816) — break of either level determines next 200-pt leg; BoE November hike risk is the swing factor.

Recovered to 10,754 after 1.4% crash to 10,659 on Sep 18 — BoE's hawkish 6-3 hold at 3.75% caps upside; falling oil aids relief rally but 10,816 swing high remains resistance.

Main risk

BoE November Rate Hike Risk

Barclays and JP Morgan call for 25bp hike on Nov 5; banks — index's biggest sector — fell 2.1% on Sep 18 alone when hike odds rose.

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