An employee views a FTSE share index board in the atrium of the London Stock Exchange Group Plc's offices in London, U.K., on Thursday, Jan. 2, 2020.
LONDON — Britain's FTSE 100 index closed above 8,000 points for the first time on Thursday, with one analyst suggesting the reason behind demand for U.K. stocks is that "boring is the new sexy."
Despite the U.K. facing the weakest economic growth outlook among all of the world's major economies, including Russia, the country's blue chip index hit record highs this week and closed at 8,012.53 on Thursday.
The U.K.'s annual headline inflation dipped for a third straight month in January to 10.1%, though it remains well above the Bank of England's 2% target while the labor market remains unusually tight.
Euro zone headline inflation also fell for a third consecutive month to 8.5% in January, coming back to earth at a slightly faster rate than in the U.K.