Blue-chip stock index rises above previous record of 7,903 set in May 2018
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The UK’s blue-chip share index hit an all-time high of 7,906.58 on Friday, amid hopes that global inflation is easing and central banks may be reaching the end of a sustained period of interest rate rises.
The FTSE 100 peaked at that level before ending the day at a new closing high of 7,901.80. Both the intraday high and the closing high were above the previous record set on 22 May 2018, when the FTSE 100 closed at 7,877.45.