FTSE 100 advances towards record high as pound drops

FTSE 100 advances towards record high as pound drops
 

Britain's top shares index advanced early on Friday to trade near a record high, with concerns about a further fall in the sterling after a plunge to a 31-year low seen as helping internationally-exposed stocks.
The blue-chip FTSE 100 index was up 0.4 percent at 7,030.30 points by 0712 GMT, less than 100 points away from its life-time high set in April last year. The index is up nearly 2 percent so far this week after falling in the previous week.
The mid-cap FTSE 250 index, dominated by more domestically-focused companies, was up 0.1 percent.
The broader UK stock market got support after... read more

 
7 October 2016 in World News, Views: 30
Source: Reuters
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