FTSE 100
NeutralArchived analysis from Oct 7, 2026, 8:21 PM
Key insight
10,640 is the gate: a weekly close above that 2026 high opens 10,850; a slip below the 10,300 50-day MA flips the short-term trend bearish. Oil at $88.5 (+0.8%) supports energy heavyweights, the FTSE's largest sector weight.
10,474 holds above 200-day MA ~10,200 but stalls 170pts below the 2026 high at 10,640 — buyers lack conviction as GBP/USD slides -0.5% and gold drops -1.4%, signalling risk-off rotation.
Main risk
GBP/USD decline & BoE policy pivot
GBP/USD at 1.3213 (-0.5%) tightens BoE's room to cut; sterling strength historically compresses FTSE exporters' earnings, adding downside at current levels.
With Pro
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the app→