Brexit looks good: FTSE 100 closes with another record high

LONDON'S top-flight index has closed at a record high for the second day running thanks to a rally from precious metal stocks.

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FTSE 100 hit another all-time high for the second day in a row

The FTSE 100 Index rose 14.18 points to hit a new high of 7120.26, after the traditional Santa Rally helped it reach a record closing high of 7106.08 in the previous session. 

It comes after the top flight hit a mid-session record of 7129.83 on October 11, boosted in part by the collapse in the value of the pound since the Brexit vote. 

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The record high was due to a rally from precious metal stocks

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Sterling's post-referendum slump has proved a boon for multinational companies listed on the FTSE 100, as many tend to benefit from earnings in currencies that are stronger than the pound.

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