FTSE LIVE: Footsie above 7,000 for first time since June 2015 as investors going shopping while pound continues its rapid decline 



09:30: The Footsie was racking up gains for the second straight session today as the index flew above the 7,000 mark - a level last seen in June last year. 
In early morning trading the index had reached 7,044.1, adding a fresh 65.3 point gain to its 84.19 points yesterday.
The 7,000 mark is a important milestone and comes as the pound fell another 0.5 per cent to $1.2772, its lowest level since 1985.
The FTSE 100 generally benefits from a falling pound because it is full of firms with large overseas businesses which earn in dollars and euros and thus see their profits flattered by exhange... read more

 
4 October 2016 in Business, Views: 38
Source: Daily Mail
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