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FTSE 100 appears to have breathing space
The buyers are stepping up to the plate again, helping to lift the index from its lows. With the pound back below $1.26 versus the US dollar, the FTSE may have the breathing space it needs to move higher.
Bulls will still need to clear the 7200 hurdle, which will open the way back to the all-time highs. Bears have once again to break 7130, and then post a daily close below 7100 to indicate more downside is on the way.