FTSE 100
BearishArchived analysis from Oct 21, 2026, 3:33 AM
Key insight
10,673 session low from Tuesday now acts as nearest tripwire. CPI >3.4% today cements Nov BoE hike, pressuring banks and rate-sensitive stocks further toward Oct low ~10,418.
Slides 0.37% to 10,722 — three-session losing streak, 189pts off Feb all-time high of 10,911. Banks drag; CPI print due today could lock in Nov BoE hike.
Main risk
UK CPI & Oct 28 Budget
CPI expected at 3.4% today vs 3.1% prior — beat forces BoE hand Nov 6. Budget still carries capital-levy risk despite CGT reprieve.
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