Tuesday, 4 October 2016

FTSE 100 on track for record closing high as sterling falls

The FTSE 100 share index has risen above 7,100 for the first time since April 2015, as sterling fell to a 31-year low against the dollar.

London's leading share index jumped 1.8%, or 126 points, to 7,110 - above its previous record close of 7,103.98.

However, the pound fell to $1.2737 at one point - its lowest level against the US dollar since 1985.