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FTSE 100 surges past 7500
Fresh gains yesterday took FTSE 100 above 7500, with the push higher coming this morning. The downtrend from the June highs has now been broken with the 7533, the 7553 and then the all-time high at 7600 are left as upside targets.
A pullback towards 7450 would be a buying opportunity, and even a severe retracement to 7400 does not necessarily diminish the bullish outlook.