The FTSE 100 closed at a record high for the ninth day in a row, making this its best ever run.
Editor’s Remarks: The share index, which tracks the largest businesses listed on the London Stock Exchange, has hit its longest ever streak of consecutive record-breaking point tallies. The index closed at 7275.47, up from Monday’s 7237.77. Morrisons led the way as the fastest riser in yesterday’s trading, up 4% after growth reports showed it comfortably beating expectations over the Christmas period. This comes after a strong week for the FTSE 250, which includes smaller UK-based businesses, up about 250 points compared to the same time last week. This strong British share performance, though, is contrasted by the pound hitting a two-month low against the dollar following another round of “Hard Brexit” speculation.
What to watch: FTSE 100, GBP/USD, UK Retail Sector