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FTSE 100 futures point to a lower effective opening today

The Pound is lower versus the  dollar, the Oil price is higher yet the FTSE 100 is under pressure so far this week. The UK stock market index was the worst performer amongst the European majors yesterday and looks like falling back towards 8,100 this morning on the opening. The index closed yesterday at 8,164.76. We are told by many leading pundits; that the prospect of a Labour Government claiming power on Friday morning is not a negative for UK stocks. Well, it certainly does not seem like that, when looking at the FTSE 100. Of course the lower price action this week is not solely about the index itself, but the broader market, but certainly so far, the FTSE 100 is not outperforming that broader market, far from it. The index is currently priced to effectively reopen at around 8,135 this morning

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