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Boost for sterling as FTSE 100 rockets to 14-month high

The UK’s FTSE 100 index of leading shares surged to a 14-month high yesterday, and sterling jumped sharply.

The Footsie finished 86.29 points or 1.6% higher at 5382.67, its highest close since mid-September last year, having touched an intra-day peak of 5396.96.