FTSE 100 share index hits record high ahead of UK interest rate decision; Nissan-Honda $60bn merger ‘basically over’ – business live
Rolling coverage of the latest economic and financial news, as UK share index bursts over 8,700 points for first time
- Bank of England poised to cut interest rates amid UK economic gloom
- Evelyn de Rothschild left bank in 2004 after sexual misconduct complaint
Britain’s blue-chip share index has hit a new all-time high at the start of trading, as investors anticipate a cut in UK interest rates today.
The FTSE 100 index has gained 0.8% to a new intra-day peak of 8,695 points, up 72 points today, above the previous record of 8,692 points set last month.
After a severe allergic reaction on Monday after the tariff news, markets continued to be relatively sedated yesterday as investors continued to price out the chance of aggressive tariffs. Continue reading...
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