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FTSE 100 sets another intra-day record

3rd Jan 17 11:22 am

Good news for the start of 2017?

The UK’s stock market started on a high after setting another intra-day record in early trade.

On its final day of trading in 2016 the FTSE 100 closed with a record of 7,142.83. However, this was soon quickly beaten as it opened higher with an intra-day record 7,202.44.

Neil Wilson at ETX Capital, said: “No January blues for equity markets as traders in London have returned to their desks in optimistic mood,”

“The FTSE is still enjoying the momentum from last week’s Santa rally.”

The biggest riser on the index was Intercontinental Hotels Group, it was up 4.3 per cent after Barclay’s raised its rating on the company to “overweight”.

On the currency side of the market the pound was flat against the dollar at $1.2282, but rose 0.3 per cent against the euro to €1.1779.

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