FTSE 100 hits record high as job market data weakens pound; AstraZeneca shines
AstraZenecaAstraZeneca(US:AZN) Reuters·2025-11-11 12:45

Core Viewpoint - London's export-focused FTSE 100 reached a new intraday record peak, driven by a weakening pound following economic data that indicated rising unemployment and slowing wage growth [1] Group 1: Economic Indicators - Economic data revealed an increase in unemployment rates, contributing to the weakening of the pound [1] - Wage growth is slowing, which may impact consumer spending and overall economic health [1] Group 2: Market Reaction - The FTSE 100's rise is attributed to its export-focused nature, benefiting from a weaker currency [1] - The performance of drugmaker AstraZeneca was noted, indicating potential positive impacts on the healthcare sector [1]