FTSE 100

Key insight

10,700 round-number support is the line in the sand — a daily close below it opens 10,550 (200-day MA). European peers DAX -0.3%, CAC -0.5% confirm broad selling; FTSE needs a catalyst to reclaim 10,800.

Stalling at 10,722 — FTSE lags S&P 500's +0.1% with a -0.4% drop, weighed by Oil at $98.3 and GBP/USD holding 1.3307, compressing energy/export earnings.

Main risk

Sticky UK Inflation / BoE Rate Path

BoE holding rates elevated suppresses rate-sensitive domestics; break below 10,700 targets 10,550 200-day MA with speed.