FTSE 100

Key insight

10,816 (Sep 18 closing high) is the line to break: clear it and 11,000 opens up; fail here and the index revisits 10,600 support. BoE November meeting now live for a 25bp hike after 6-3 split vote.

Bounces to 10,743 from Thursday's 10,680 close on oil pullback and consumer confidence beat — but BoE hike risk and 3.1% CPI cap the upside near the 10,816 Sep high.

Main risk

BoE November Rate Hike Risk

6-3 MPC split vote + CPI at 3.1% — Barclays and JP Morgan both calling Nov 5 hike; financials and gilt yields most exposed.