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FTSE 100 clings on near three-week highs
A weaker pound put a rocket under the FTSE 100 on Friday, with the index leaping back above the 7490 level.
Dip buyers have rushed in this morning, so we will see if the index can close above 7490 and open the way to 7645, the high from late August, and then downtrend resistance from the all-time highs. A failure to break 7490 would suggest the possibility of a move back towards 7340 in the near term.
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