FTSE for Friday: advance or retreat for the blue-chip index?
Independent analyst Alistair Strang examines the FTSE 100 after the Bank of England’s decision to leave interest rates on hold.
6th February 2026 09:00
by Alistair Strang from Trends and Targets
The inactivity of the Bank of England in keeping interest rates on hold at 3.75% risks provoking quite serious reversals for the FTSE 100.
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The Bank has pushed over a domino, revealing an unpleasant tier of trouble ahead. Currently, below 10,288 points risks bringing reversals to an initial 10,201 points with our secondary, if broken, at 10,102 points and a level which suggests a potential bounce.
However, quite importantly, should 10,100 break, a cycle to 9,820 risks introducing itself, perhaps even an eventual bottom at 9,601 points. Visually, this would look like the Bank was deliberately trying to undo the market gains since the interest rate reductions which punctuated the end of 2025.
Of course, there’s the unlikely chance the market will decide to ignore it, movement above 10,378 risking triggering gains to an initial 10.406 with our secondary, if beaten, at 10,466 points and some hesitation.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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