The stock index, which has risen on a global rally, jumps as the pound drops against the dollar.
The FTSE 100 stock index has closed at a record high, partly due to a drop in the pound against the dollar, which was higher on strong US jobs data.So a weaker pound helps them, because those goods become cheaper for foreign buyers.The stock market closed the day above 7,900, and more than 1% higher.
Analyst said the peak was also due to optimism that central banks will slow down recent interest rate increases, making borrowing cheaper. A slowdown in inflation - the rate at which prices rise - across key global economies was also credited with making the stock market.
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