Market Analysis
EURUSD weekly: euro drops 111 pips to 1.14817, 2026-09-14
EURUSD gave up 111 pips over the week of 14 September 2026, with the whole loss landing in a single Wednesday session that broke 1.1500.
4 min readThe UK100 opened Monday at 10558.1 and closed Friday at 10724, a net gain of roughly 165.9 points, or about 1.6 percent on the week. The move was not a straight line. Price dipped to 10464.7 on Monday's close, then built through Tuesday and Wednesday to a Wednesday high of 10764.9 before Thursday sold off to 10612.1. Friday recovered most of that ground and left the index sitting just under the weekly high.
The centre of gravity is central bank week. The Federal Funds Rate decision and FOMC Statement land Wednesday 29 July at 18:00, with the press conference at 18:30. Consensus has the rate held at 3.75 percent, so the reaction will hang on the statement tone and Powell's comments rather than the number itself. The following morning, Thursday 30 July at 11:00, the Bank of England delivers its Official Bank Rate decision, forecast to hold at 3.75 percent with an MPC vote split expected at 2-0-7, alongside the Monetary Policy Report. For a UK equity index, the BOE meeting is the domestic anchor of the week.
The calendar does not stop there. US Advance GDP q/q and Core PCE Price Index m/m both print Thursday 30 July at 12:30, with GDP forecast at 2.3 percent and Core PCE at 0.1 percent. The Bank of Japan policy decision arrives Friday 31 July at 02:30, and euro area CPI Flash Estimate y/y is due Friday at 09:00 with a 2.9 percent forecast. Each of these feeds the broad risk backdrop that UK large caps trade against.
If the FOMC statement reads dovish and Powell signals patience on further tightening, risk appetite typically firms and index buyers tend to lean in. In that case the Wednesday high at 10764.9 becomes the first test, and a close above it puts the round 10800 area in view. If the tone reads hawkish, the Thursday reversal low near 10584.7 is the level that comes back into focus. The BOE decision the next morning can amplify or fade that move: a hold with a softer vote skew often supports domestic equities, while any hawkish surprise pressures rate-sensitive names. Correlated European index moves are worth watching alongside the UK100, so keep an eye on the DAX 30 around the same German GDP and CPI prints on Thursday.
LHFX client positioning shows 62 percent long against 38 percent short as of Monday. That is a clear long skew going into a week of binary central bank events. A crowded long book means that a hawkish FOMC or BOE outcome can force faster unwinds, since more traders are already positioned for upside. The skew tells you consensus is leaning bullish after last week's recovery, not that the direction is settled.
These are reference levels, not entry signals. Last week's high at 10764.9 is the upside pivot; sustained trade above it points toward the 10800 round number. Friday's close at 10724 is the near-term line that separates continuation from stall. On the downside, the Thursday low at 10584.7 is the first support, and below that the Monday close at 10464.7 marks where last week's advance began. Open an LHFX account to trade UK100 through this week's central bank calendar.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
