LONDON, Feb. 3 (Xinhua) -- The FTSE 100 index, the leading benchmark for blue chip companies listed in the United Kingdom (UK), hit an all-time high of 7,906.58 on Friday afternoon and then closed at a new record of 7,901.80.
Most of company earnings come from overseas which, coupled with the more recent weakness in sterling, means that these earnings become more valuable on repatriation, explained Richard Hunter, head of markets at the online investment service interactive investor.
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