FTSE 100 hits record closing high amid hopes of interest rate cuts
by Graeme Wearden from on (#6M8NC)
UK's blue-chip index ended trading at 8,023, its highest close ever, as pound falls against dollar
The UK stock market has hit a record closing high, amid optimism that the Bank of England will cut interest rates twice this year, and easing geopolitical tensions in the Middle East.
The FTSE 100 index of blue-chip stocks listed in London ended trading on Monday above its previous closing peak, set in February 2023, helped by rate cut hopes and a weakening pound.
Continue reading...