FTSE 100 rises to a record high as pound slips
The index broke through its previous record intra-day level of 7,122.74 reached on 27 April 2015. Its record close was 7,103.98 on the same day.
Analysts said shares have been lifted by a weak pound and by the index being biased to companies that would benefit.
Sterling slipped below $1.21 and €1.09, its lowest level since last week’s ‘flash crash’.
Traders’ belief that the government is headed for a “hard Brexit” is keeping investors away.
The FTSE 100 is still 6% down this year despite its strong performance since recovering from the slump which followeed the 23 June EU referendum.
The FTSE 250 mid-cap index, whose companies are more exposed to the domestic UK economy, rose 0.52% and was also near its record high.