FTSE 100 hits record closing high amid hopes of interest rate cuts

FTSE 100 hits record closing high amid hopes of interest rate cuts
By: The Guardian Posted On: April 22, 2024 View: 8

UK’s blue-chip index ended trading at 8,023, its highest close ever, as pound falls against dollarThe 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...

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