FTSE 100

Key insight

10,548 now below 10,600 round support — close here confirms worst daily loss since March; 10,490 (50-day MA) is next key defence before 10,350 swing low.

Dropped 375pts in two sessions from 10,948 intraday high — worst sell-off since March as AI regulation fears post-US election and BoE hawkish 4% hike combine.

Main risk

AI Regulation Selloff + BoE Hike

Democrats winning US Congress sparked AI regulation fears; BoE hiked to 4% Thu — dual shock hit at 10,948, now 400pts lower in 24hrs.