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FTSE 100 lower, Federal Reserve and cable

FTSE 100 lower, Federal Reserve and cable

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概要

The FTSE 100 finished Friday at 10,690.36, down from 10,881.9 the previous Friday. That was a fall of 191.54 points, or 1.76%, with the index trading between 10,630.0 and 10,889.9 through the week. 📉

Cable rose 0.37% on the week, a firmer pound that can weigh on the FTSE 100 because overseas earnings translate back into fewer pounds, all else equal.

The coming week starts light on Monday, 26th October, then turns to the Federal Reserve's two-day meeting on Tuesday, 27th October. Wednesday, 28th October, brings the Fed decision and press conference, with Thursday, 29th October, and Friday, 30th October, adding UK and US data alongside more FTSE 100 updates.

The open question is whether the index can reclaim 10,705.8 or whether 10,630.0 gives way, with Wednesday's Federal Reserve outcome the key swing factor. The Money Mosaic examines whether the FTSE 100 has merely slipped beneath a line that matters, how the rate backdrop may affect sterling and London, and whether Wall Street's softer tone is a warning or just noise.

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