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    FTSE 100 edges towards record high

    The FTSE 100 is edging closer to its all-time record high reached on the final day of trading in 1999 at the height of the tech bubble. The components of the index are heavily weighted by financial and commodity companies that have had significant declines over the last 15 years. The index is isn’t a proxy for the growth of the UK economy due to the high percentage of global exposure from earnings for the components.

    FTSE 100 currently trading 6910, the record intra-day high is 6,950.6.

    GBPUSD: 1.5442


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