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FTSE 100 still cannot cut it

Updates here last week noted the rise above 7,700 in the FTSE 100 index. The FTSE 100 tried above that level on Wednesday but again rejected a daily close above it. It did the same thing on Thursday too, when peaking at 7,711. On Friday it could not even get above 7,700, stalling at 7,693 and closed lower on the day, at 7,659. The index was not helped by yet another reversal lower in Oil prices and the firmer pound versus the dollar. The budget earlier in the week was simply not good enough to inspire the market much either-the additional, tax-free ISA (UK stock only) allowance did not seem to help. Beyond that, the lack of tech and continued concerns over the upcoming UK elections are keeping investors power dry. I am wondering just what exactly it is going to take to force this index higher. In truth I am fresh out of ideas right now. The FTSE 100 is currently priced to reopen lower, at around 7,630 this morning 
 

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