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FTSE 100’s rally halted for now
The FTSE 100 fell sharply overnight, but has managed to hold above the lows of the week so far, around 7050.
A bounce this morning has recovered lost ground, but there is much work to do to suggest a new rally is in the offing. A push above 7200 is the first step, but it leaves 7300 and 7400 as resistance. A turn lower heads to 6919.