FTSE 100 Hits Record High, Climbing 0.82% to 8,700 Amid Rate Cut Expectations

The FTSE 100 index in Britain has reached a record high, climbing 0.82% to surpass the 8,700 mark. This milestone reflects positive market sentiment, particularly as UK stocks are buoyed by expectations of an impending interest rate cut. The index's performance has been noted by various financial commentators, highlighting a general upward trend in UK markets amid stabilizing conditions in the US stock market.