FTSE 100

Key insight

10,548 holds above the 50-day MA near 10,420 — sustaining above 10,500 opens a run toward the 2026 swing high at 10,750. Failure to close above 10,500 weekly would signal a false break.

10,548 clears the 10,500 round-number resistance on broad risk-on: DAX +1.2%, S&P +0.4%, Gold at record $4,180. FTSE's heavyweight energy/mining sectors benefit as Silver surges 2.4%.

Main risk

GBP/USD Softness & Oil Reversal

GBP/USD -0.1% at 1.3218 squeezes FTSE's USD earners; Oil -0.9% at $90.3 pressures BP and Shell, the index's largest energy weights.