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Despite US inflation FTSE 100 continues to gain
The FTSE 100 is continuing its ascent today, with the sell-off seen around yesterday’s rise in US inflation proving short-lived.
That is an encouraging sign, with a break above 7312 required to confirm a bullish outlook. For now, the index is challenging trendline resistance, where a break to the upside could spark a surge towards 7280. Ultimately, the directional bias will be clearer with a break above 7312 or below 7144.