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FTSE 100 continues to gain
Yesterday’s strong FTSE rally, based on Mark Carney’s new stimulus package, has continued modestly this morning, with the index pushing back to 6780 and the peak from 27 July. A break above here would suggest further gains in the direction of 6850.
Weakness on the final day of the week would indicate a move back in the direction of the lows of the week near 6600, but it looks like the upward move could continue for the time being, helped along by sterling weakness.