FTSE 100
BullishArchived analysis from Oct 13, 2026, 1:22 PM
Key insight
10,706 cleared on light volume — next test is 10,750 prior swing high. FTSE's defensive tilt (energy, mining, financials) absorbs Nasdaq's -0.8% tech drag and keeps the index bid.
Holds 10,706 with +0.6% gain, outperforming DAX and CAC; GBP/USD at 1.3243 limits FX headwind while oil at $92.3 supports energy heavyweights BP and Shell.
Main risk
GBP/USD strength vs export earners
GBP/USD at 1.3243 compresses translated earnings for FTSE's 70%-overseas-revenue large-caps; sustained move above 1.34 is a tangible headwind.
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