UK Imposes Targeted Sanctions on Iranian Oil Figure and Firms:

Image Source : Krish Capital Pty Ltd

Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, went down around 0.14% on 21 August 2025.  

Macro Update: Recent UK economic data presented a mixed picture. The preliminary S&P Global UK Composite Purchasing Managers’ Index (PMI) rose to 53.0, marking its highest level since August 2024 and surpassing market expectations. At the same time, government borrowing in July was recorded at £1.1 billion—considerably below forecasts. These figures contributed to a modest shift in financial markets, with British equities seeing slight declines and the pound gaining strength against the dollar following the unexpectedly strong PMI results. 

Top Market Movers: Among top gainers on FTSE 100 index, Bae Systems PLC (LSE: BA.) witnessed a rise of 1.88% followed by Babcock International Group PLC (LSE: BAB) which gained around 1.81%. 

Commodity Update: The U.S. dollar eased Thursday as concerns grew over the Federal Reserve’s independence following fresh criticism from President Trump, ahead of Chair Jerome Powell’s upcoming remarks. Gold slipped 0.13% to $3,384.20, while silver rose 0.31% to $37.89 and copper edged down 0.02% to $9,733.15. Brent crude gained 0.50% to $67.20, supported by a sharp decline in U.S. inventories, with markets also tracking the prospects for a Russia-Ukraine peace deal for supply cues. 

Our Stance: The UK government has introduced new sanctions under its Iran sanctions regime, focusing on Iranian oil executive Hossein Shamkhani and four associated firms. These measures include an asset freeze and are aimed at entities involved in shipping, petrochemicals, and finance. Authorities state that the network in question plays a role in supporting Iranian activities beyond its borders, specifically referencing operations related to Ukraine and Israel. This move reflects ongoing efforts by the UK to respond to developments linked to Iran’s international influence. 

FTSE 100 

The FTSE 100 is trading at 9,292.37, up 0.05%, while maintaining strength above the crucial support zone of 8,900 and its 50-day SMA of 8,973.89. The RSI at 71.67 reflects strong bullish momentum, though the index remains in a consolidation phase. Key support is placed at 8,950, and a breakdown below this level could invite further weakness. On the upside, resistance stands near 9,500, and a sustained breakout above it may open the door for a short-term rally toward 9,800. 

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FTSE 100 Technical Chart, Source - EODHD/Others