In a historic moment for British markets, the FTSE 100 Index briefly crossed the 9,000-point mark during trading today, reaching an all-time high. The rally was driven by positive investor sentiment following Chancellor Rachel Reeves’ unveiling of sweeping reforms aimed at revitalizing the UK’s financial sector. Strong corporate earnings, especially from energy and financial stocks, also contributed to the upward momentum.
Investors interpreted the Chancellor’s proposed “Leeds Reforms” as a sign of political stability and renewed support for the City of London. The pound held steady while UK 10-year gilt yields dipped slightly, suggesting a confident response from both domestic and international investors. Analysts believe this could mark a long-awaited turning point for London’s post-Brexit financial resurgence.
