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Not a great start to the month for the FTSE 100

The FTSE 100 closed out the month and the quarter on Friday at 7,608. The index enjoyed a pretty robust third quarter considering all the headwinds that surrounded it, but perhaps more recently it should have done better, with the GBP/USD falling and oil prices rising. Well, yesterday it kicked off the new month in a rather disappointing way, when it dropped back below 7,500, to as low as 7,491. The index closed yesterday at 7,510 and it is currently set to push further below 7,500 this morning. The fall back in oil prices since last week is clearly not a supporting factor either, even if the lower pound might be. The FTSE 100 futures are currently pricing a resumption of trade at around 7,490 

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