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London stock market hits record high on slumping pound

London's benchmark FTSE 100 index reached an intra-day high of 7,239.26 points in morning deals, extending a record run higher that began ahead of the new yearThe London stock market reached another record high Monday as the pound slumped to the lowest level in three months on Brexit concerns. At the same time, eurozone indices were down across the board, taking their cue from Wall Street, which opened softer as it took a breather from last week’s gains, while the euro was steady against the dollar. London’s benchmark FTSE 100 index reached an intra-day high of 7,239.26 points in morning deals, extending a record run higher that began ahead of the new year.

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