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FTSE 100 looks set for further losses
The FTSE 100 has sold off sharply following the GBP rally yesterday, with the index dropping below the crucial 7520 mark this morning.
That brings us into a more bearish territory once again, following on from the retracement into the 200-day simple moving average (SMA). With that in mind, watch for further downside from here, with rallies being sold into.