FTSE 100

Key insight

10,528 sits 460 pts below the Jul 2026 ATH at 10,991; BoE decision tomorrow is the binary pivot — a hold at 4% with hawkish MPC split extends the selloff toward 10,400.

Dropped to 10,528 — 232 pts below Monday's close — as miners slid to near 4-month lows, oil rebounded, and BoE rate decision (5 Nov) looms at 4% consensus.

Main risk

BoE rate decision & MPC vote split

5 Nov decision: 4% priced in, but a hawkish split or upward rate path revision hits UK bank stocks and GBP instantly.