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As noted earlier this morning, the FTSE 100 was by some margin the weakest of the major European indexes yesterday. It closed 42.72 points lower, at 8,764.72. Well, it has just now reopened and the effective opening was a little lower. The index has just now dipped below 8,740 in very early trading and once again it seems the lower oil prices and yet further upside in the GBP/USD is weighing on the index. The GBP/USD has just now done was expected earlier and pushed to a new 2025 high above 1.2576. The FTSE 100 is right now at 8,737
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