LONDON, Feb 3 (Reuters) - Britain's blue-chip FTSE 100 index hit a record high on Friday, partly down to a drop
in the pound against the dollar, which soared after strong U.S.
jobs data.
Also, the Bank of England raised rates this week to their
highest since 2008 but signalled it's nearing the end of its
tightening cycle, while the Federal Reserve has indicated U.S.
rates may have further to increase.
The index rose to 7,906.58 at 1545 GMT, surpassing a
previous record high of 7,903.50 hit on May 22 2018. A near-1%
drop in the value of the pound against the dollar helped boost
the exporter-heavy FTSE 100.
London's stock index has risen in recent months in line with
a global rally in equities as inflation pressures abate, as well
as gains in commodity focused stocks.
The index was last up 1% on the day at 7,900.58.
(Reporting by Lucy Raitano; Editing by Amanda Cooper)
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