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FTSE breaks higher following overnight consolidation
The FTSE 100 has broken to a new intraday higher high, following a gradual drift higher overnight. This continues the trend of higher highs and higher lows. With that in mind, further gains are expected, unless we see an hourly close below the 6650 support level.
That being said, with the Bank of England (BoE) decision later today, it may make sense to be more cautious than normal considering the unpredictable volatility that is likely. The next key resistance levels are 6753 and 6767.