FTSE 100 languishes thanks to strong pound
It remains apparent that sterling strength is the chief obstacle to upward progress for the FTSE 100, as has been the case for weeks.
Still, with 7300 still holding, it is not yet certain that the next move is lower. Below 7280, the 7260 and 7195 levels come into play. A longer-term rally still needs the daily close above 7360, which has eluded the index all week.