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FTSE 100 knocked by pound sterling strength
Strength in sterling knocked the index to its lowest level in over a week, falling below the 7300 level and potentially bringing the great run of the past month to an end.
So far this morning the index is finding resistance around 7260, the daily pivot level, with further potential resistance at 7272, the 200-hour simple moving average (SMA) and then 7299. Possible support lies around 7215, the lows of yesterday’s session, and then down to 7186 and 7145.