UK’s blue-chip share index hit an all-time high of 7,906.58 on Friday, amid hopes that global inflation is easing and central banks may be reaching the end of a sustained period of interest rate rises.
The FTSE 100 peaked at that level before ending the day at a new closing high of 7,901.80. Both the intraday high and the closing high were above the previous record set on 22 May 2018. The index contains the 100 most valuable companies listed in London. It was created in 1984, when it started at 1,000 points.
"...the FTSE 100 is defying the doom and gloom,” said Victoria Scholar, head of investment at Interactive Investor.
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