FTSE at new all time high of 7,089.77 as Sterling sinks

Sterling fell against the US dollar to new lows not seen since 2010 as UK industrial production and construction figures out today fell short of market expectations and casting doubt on UK growth in general.  Some of the slowdown in UK construction was put down the uncertainty of UK election outcome.  However, the FTSE100 index followed the positive mood in European stock markets where the Euro was also falling.  The FTSE closed at a record 7,089.77 having broken the previous high of 7,065.08 on 24th March.