FTSE 100 pushes higher
Despite a sharp drop yesterday afternoon, the index has recovered and is pushing higher once more. Sterling weakness continues to play a part here. The target on the upside would be yesterday’s high around 7134, while a drop to 6950 could find fresh support.
Sustained price action below 6900 would indicate more weakness ahead. Much will depend on what happens with the US dollar this week, as to whether the bullish surge here pushes on into mid-October.