The growth of the FTSE 100 continues

On Monday, the FTSE 100 closed at a fresh five-week high. According to Reuters, the rise in the FTSE 100 can be explained by the fact that the fall of the pound sterling raised the income of such dollar companies as AstraZeneca and Unilever.

For any signs of easing aggressive monetary tightening cycles, investors will look directly to the Bank of England and the US Federal Reserve. At the same time, both the Bank of England and the US Federal Reserve are expected to raise rates by 75 basis points as early as this week.

According to Russ Mould, investment director at AJ Bell, this is a difficulty for monetary policy makers on both sides of the Atlantic as they seek to control inflation without causing too much economic damage to the country.

UK markets have recouped some of the sharp losses suffered earlier in October. Then the economic plan of former Prime Minister Elizabeth Truss led to a sharp increase in borrowing costs and caused political turmoil.

Former finance minister Rishi Sunak has succeeded Elizabeth Truss as British prime minister. Sunak canceled almost all of her plans and brought some relief to the country's financial markets.