FTSE 100 closes at record high

The FTSE 100 stock index has closed at a record high, partly due to a drop in the pound against the dollar, which was higher on strong US jobs data.So a weaker pound helps them, because those goods become cheaper for foreign buyers.The stock market closed the day above 7,900, and more than 1% higher.

Analyst said the peak was also due to optimism that central banks will slow down recent interest rate increases, making borrowing cheaper. A slowdown in inflation - the rate at which prices rise - across key global economies was also credited with making the stock market.

Occasionally the establishment media is obliged to tell the truth and .. here it is.

Mostly foreign companies who are taking their profits out of the UK

Brexit dividend.

The bubble is always largest before it pops.

The FTSE 😂

And wages are at a record low.... great tweet BBC 🙃🙃🙃

The effects of inflation, not of an improving economy. 😢

Billions wiped on to share prices… is a headline you won’t read.

Just shows how unrepresentative of the economy the FTSE is.

Inflation

The rich getting richer business

Everyone who has a pension found will do well because of this, what is concerning however is why is it so high when the economy is doing so poorly? Will it fall hard?

Some mild enthusiasm on a Friday from investors hoodwinked by overly optimistic BoE announcements and a GBP struggling against the USD. Unremarkable, in reality. Fiver is looks different next week.

The perfect example of how broken our economy is, banks and hedge funds and large corporations reap the rewards while millions struggle to heat our homes and put food on the table.

The day to day issues of people struggling to pay bills, trying to use services that are crumbling and underfunded, don't matter to people like Rishi Sunak who only care that this line continues to go up.

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