FTSE 100
NeutralArchived analysis from Sep 29, 2026, 3:35 AM
Key insight
10,780 resistance capping upside; break above opens 11,000 psych level. GBP/USD at 1.3250 limits FTSE's export-led upside — strength in sterling compresses FTSE's multinational earnings tailwind.
10,720 holds above the 200-day MA near 10,580, but index stalls just below the 2026 swing high at 10,780 — range-bound with no decisive catalyst to break either way.
Main risk
GBP/USD strength vs. export earnings
GBP/USD at 1.3250 erodes overseas revenues for FTSE 100's dollar-earning majors; sustained above 1.33 risks consensus earnings downgrades.
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