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US CPI data out | 7530 7550 7577 7595 resistance | 7490 7460 support

#1 · 13th September 2023, 9:44 am

Technical analysis for FTSE 100 for 13th September 2023

London's FTSE 100 rose on Tuesday as the pound fell after data showed Britain's labour market weakened in July, even as wage growth stayed strong

The exporter-heavy FTSE 100 index closed up 0.4%, gaining for the fourth straight day amid the weaker pound. Mid-cap stocks rose 0.1%.

Data showed Britain's unemployment rate ticked up to 4.3% in the three months to July, from 4.2% in June. However, average weekly earnings growth climbed to 8.5% in annual terms, up from 8.4% a month earlier and marking a new high, excluding distortions during the COVID-19 pandemic, in records dating back more than 20 years.