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12/28/2016, 5:54 PM (Source: TeleTrader)
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FTSE ends at all-time closing high as pound falls

The benchmark gauge for stocks in London hit the strongest settlement level in history on Wednesday, bolstered by internationally-oriented companies, which benefited from a decline in the pound to the lowest point in almost two months – $1.2201. Sterling was still 0.4% down at $1.2222 at 5:54 p.m. CET.

The FTSE 100 closed 0.51% in the green at 7106.08, beating the peak of 7103.98 which was reached at the finish on April 27, 2015. The level also compares to a record intraday high of 7,129.83 from October 11 this year. Gold mining giants Fresnillo and Randgold had the best performances in the index, jumping 4.95% and 4.88%, respectively, followed by a 4.34% rise in peer company Polymetal. 

The DAX and the CAC 40 ended virtually flat. Adidas and ThyssenKrupp led the German winners pack, climbing 1.17% and 1.08%, respectively. Lufthansa was on the other side of the list, losing 2.49%. In Paris, ArcelorMittal jumped 1.84% and ended with the highest gain among constituents. Veolia skidded 0.34% as the biggest outperformer, while Airbus followed it closely with 0.32% below the neutral level.

Breaking the News / IT