The index, which is made up of the 100 most valuable businesses listed on the London Stock Exchange, increased by 128 points, or 1.6%, to conclude the Monday session at 8,023 points.
Analysts pinned the drive for a new high on two main things: a drop in the pound’s worth compared to the US dollar and hope that the Middle East crisis won’t escalate significantly.
At only $1.23, sterling is trading at five-month lows vs the US dollar and was down half a cent on the day.
This is a result of the dollar strengthening rather than the pound weakening, since there is rising anticipation on both sides of the Atlantic that the Federal Reserve’s
