The FTSE 100 closed at another record high last night in the wake of the US Federal Reserve’s second interest rate rise in three months. Britain’s benchmark index of its biggest companies set a record of 7,415.95 points, as investors also responded to the defeat of far-right populists in the Dutch election. It finished the day up 47.31 points, or 0.64 per cent, having advanced to a new intraday high of 7,444.34 during late-morning trading.
UK inflation rate at near six-year high
Inflation rose to 3.1% in November, the highest in nearly six years, as the squeeze on households continued. The most recent data shows that average weekly wages are growing at just 2.2%.