FTSE 100 hits record as interest rate hopes push down UK borrowing costs

FTSE 100 hits record as interest rate hopes push down UK borrowing costs
By: The Guardian Posted On: January 17, 2025 View: 7

Nearly every share on index rose after fall in value of pound helped multinationals listed in LondonThe UK’s blue-chip stock index has hit a record high, as hopes of interest rate cuts this year drove down government borrowing costs.Almost every share on the FTSE 100 rose on Friday, the fall in the value of the pound bolstering multinationals listed in London and propelling the index above 8,500 points for the first time. Continue reading...

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