Home ForexFTSE FTSE 100 closes at new record high for the second consecutive day following US rate rise

FTSE 100 closes at new record high for the second consecutive day following US rate rise

by Paul

The FTSE 100 has closed at a new high for the second day running, on the back of Wednesday’s US interest rate rise.

London’s leading share index had little direction after an early fall of 0.2%, with some profits being taken after Thursday’s record close.

But values grew late morning, with the market registering a new intraday high at lunchtime of 7447 points. It closed Friday’s session 9 points up at 7424. Risers were mixed in terms of business sector and led by Admiral, the insurer. Traders said there was little to drag sentiment down – given it was a quiet day for corporate or economic developments.

The FTSE 100 is 20% higher over the past year, with much of that gain attributable to sterling’s weakness since the Brexit vote.

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