FTSE 100 Hits a Record as British Stocks Finally Stage Comeback
- UK blue chips benefited from commodities rally, weaker pound
- In dollars, index still trails global benchmarks since Brexit
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For the first time since 2018, Britain’s blue-chip stocks have closed at an all-time high.
The FTSE 100 Index climbed 1% on Friday to a record of 7901.80 as the pound slumped after the US dollar rallied on stronger-than-expected jobs data. Having managed to avoid a selloff last year on sterling’s weakness, the FTSE 100 Index has joined a global equities rally in 2023 with a 6% gain, helping the British large-cap benchmark scale an all-time high.