FTSE 100 hits record high as shares rise amid hopes of interest rate cuts

UK's blue-chip index reaches 8,076, surpassing previous high of 8,047 in February 2023

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The UK stock market hit a record high on Tuesday, as shares were lifted by hopes of interest rate cuts and an easing of geopolitical tensions.

The FTSE 100 index of blue-chip stocks listed in London hit 8,076 points on Tuesday, surpassing a previous high of 8,047 in February 2023.