Index hits new record
FTSE 100 breaks record closing high
It closed up 0.5% at 7,275.5. This sequence of highs beats the previous record bull run recorded in 1987.
This time the run has been sparked by the fall in the pound which is 1.3% lower against both the dollar and the euro since the weekend.
The index is now on its longest winning streak since 2009. It hit an intra-day high today of 7,284.70.
In 1997, following Labour’s general election landslide victory under Tony Blair, it ended at a record high for eight consecutive days.
The benchmark has now risen around 1.9% so far in 2017.