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FTSE 100 makes gains
Another drop in sterling continues to flatter the FTSE 100, causing the index to shoot higher once again. The 7130 mark, the high from 4 October, is now the area to watch as a move above here will put the index in new all-time high territory.
A bigger dip, towards the 200-hour simple moving average (SMA) at 7000, might provide a more attractive entry point, while a larger fall would push us towards the rising September trendline at 6950.