FTSE 100

Key insight

10,722 sits in a compression zone between the 50-day MA ~10,650 and 10,800 resistance; a decisive close outside that band is needed to set the next 200–300pt directional leg.

Holds 10,722 but fades -0.4% as European peers sell off; index trapped below the 10,800 round-number ceiling with GBP/USD steady at 1.3307, capping export-earner tailwinds.

Main risk

Brent Crude at $98 — energy sector weight

Oil at $98.3 boosts BP and Shell, which together hold ~10% of FTSE 100 index weight, providing a floor but not a catalyst to break 10,800.