London Markets: FTSE 100 back above 7,000; traders stunned by pound’s flash crash

Bloomberg News

The pound went off a cliff in Asia Friday

The FTSE 100 crested back toward record highs on Friday, as the British pound remained weak after briefly plunging to a fresh 31-year low in Asian trading, leaving markets stunned.

As other European indexes logged losses, the FTSE 100 UKX, +0.86% stood out with a 0.3% gain to 7,024.32. The London benchmark closed down 0.5% at 6,999.96 on Thursday.

With Friday’s session left to go, the FTSE 100 is looking at a gain of 1.5% this week, having flirted with its record close of 7,103.98 earlier this week on Brexit worries.

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