Friday 17th January 2025 18:15 GMT
The UK’s benchmark stock index has reached an all-time high.
The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,505.69, breaking the record set last May.
It had already broken its intraday high at 8532.58 on Friday afternoon, meaning it reached a high not seen before during trading hours.
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The weakened pound has boosted many of the 100 companies forming the top-flight index.
Why is this happening?
Many are not based in the UK, so a less valuable pound means their sterling-priced shares are…
