Brexit looks good: FTSE 100 closes with another record high
LONDON'S top-flight index has closed at a record high for the second day running thanks to a rally from precious metal stocks.
FTSE 100 hit another all-time high for the second day in a row
The FTSE 100 Index rose 14.18 points to hit a new high of 7120.26, after the traditional Santa Rally helped it reach a record closing high of 7106.08 in the previous session.
It comes after the top flight hit a mid-session record of 7129.83 on October 11, boosted in part by the collapse in the value of the pound since the Brexit vote.
The record high was due to a rally from precious metal stocks
London Stock Exchange shareholders vote for Deutsche Boerse merger – but problems remain
Sterling's post-referendum slump has proved a boon for multinational companies listed on the FTSE 100, as many tend to benefit from earnings in currencies that are stronger than the pound.