FTSE 100 Index Climbs to a Record High

The UK Consumer Price Index (CPI) report released today showed a slowdown in inflation. According to Forex Factory, the annual figure came in at 3.0%, compared with 3.4% the previous month.

Media reports note that:
→ this marks the lowest level since March 2025;
→ the easing in inflation was driven by lower prices for petrol, air fares, food and education.

As a result, optimism prevails in the equity market, with expectations of monetary policy easing gaining traction. According to Trading Economics, the bullish trend is particularly evident in defence and mining stocks.

The chart of the UK’s FTSE 100 index (UK 100 on FXOpen) shows the market in a clear uptrend, with a sequence of higher highs and higher lows allowing an ascending channel to be drawn.

Technical Analysis of the FTSE 100 Chart

Bullish strength is highlighted by:
→ the price’s decisive break above the 10,600 level and its ability to hold above it this week;
→ the behaviour of the line dividing the upper half of the channel into two quarters. This line acted as resistance throughout February but was broken to the upside today — and may now serve as support.

The RSI indicator has moved into overbought territory. However, given the strength of the fundamental driver, any pullbacks are unlikely to be deep.

It is reasonable to assume that bullish sentiment will continue to dominate the FTSE 100, with 10,750 — near the upper boundary of the long-term channel — potentially serving as a target for profit-taking.

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