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FTSE 100 Hits Record Closing High as Pound Rises Above $1.35 and Tesco Gains Amid U.K. GDP Decline
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4 days ago
The FTSE 100 index reached a new all-time closing high on June 12, 2025, as investors sought alternatives to U.S. stocks amid ongoing trade tensions. The index opened flat following a decline in U.K. GDP data, with the pound trading above $1.35 and briefly testing $1.36. Despite a slump linked to the U.S. trade war, the FTSE 100 outperformed European markets, which slipped during the same period. Tesco was among the gainers contributing to the positive market sentiment.
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