Short answer
The FTSE 100 rises on a weaker pound (which boosts overseas earnings), higher oil prices, or strong bank profits.
Why is the UK stock market rising?
What happened
The FTSE 100 climbed to fresh highs, led by energy majors and banks.
Why it happened
Most FTSE 100 revenue is earned abroad, so a weak pound flatters reported profits. Big oil and bank weightings also help when rates and crude are high.
Why investors care
The UK market pays some of the highest dividend yields in the developed world.
How it affects ordinary people
UK pension funds and dividend investors benefit directly.
FAQ
Why is the FTSE not as tech-heavy?
The UK market is dominated by resources, banks, healthcare and consumer brands — very little tech.
Related topics
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