FTSE 100 hits record high as trade war fears ease

The FTSE 100 hit a record intraday high today as fears of a trade war between the US and China dissipated and the pound continued its downward trajectory.

London's top flight broke above 7,800 points for the first time as markets were buoyed by news overnight that the global superpowers put a hold on imposing punitive import tariffs on each others' goods.