FTSE 100 hits all-time trading high as pound slides below $1.23 on 'hard Brexit' fear

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The Footsie hit an all-time trading high today boosted by gains in its giant international companies’ share prices, as the pound remained under pressure from ‘hard Brexit’ concerns.

Around midday, the FTSE 100 index hit its best-ever intra-day level of 7,129.83, surpassing the previous peak of 7,122.74 reached on April 27 last year.

That came as sterling suffered another bad day, losing 0.5 per cent versus the dollar at $1.2296. 

However, the FTSE 100 is benefiting from the sell-off in the pound, as the weak currency boosts the earnings of London-listed companies with international profits that are now worth more in pounds and pence thanks to sterling’s decline.

New record: The Footsie hit an all-time trading high today boosted by gains in international stocks as the pound remained under pressure on ‘Hard Brexit’ concerns

New record: The Footsie hit an all-time trading high today boosted by gains in international stocks as the pound remained under pressure on ‘Hard Brexit’ concerns

All eyes are now on whether the FTSE 100…

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