Index hits new record
FTSE 100 breaks record closing high
London’s leading share index, the FTSE 100 enjoyed its ninth straight record close on Tuesday, breaking the stock market’s record for consecutive highs.
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.
