The UK’s benchmark FTSE 100 index topped 7,500 for the first time ever after data showed
higher UK inflation in April, and markets in the US hit record intraday highs.
In London the FTSE 100 closed at the highest level in its 33-year history, ending the second session in a row at a record high.
The big drivers were a weaker pound however, and strong UK inflation numbers, with higher living costs seen to favour shares over bonds.
US stocks pulled back on Tuesday after the S&P 500 and the Nasdaq Composite hit record intraday highs as a decline in healthcare stocks offset