The FTSE 100 has hit its highest level in previous 18 months. The index has recorded the optimum point for first time after the debacle of Lehman Brothers collapse in the year 2008. The investors are anticipating a reasonable performance from the UK blue-chip companies.

In spite of the political and fiscal ambiguity, the international operations of UK companies have raised their confidence.

The US jobs data has gone better than the expectations. As a result, the bullish stock market has reached 5,599.76 points and has concurred the18-month peak spot. This index was almost a 1.3% higher on the day.

Last month it has touched down to a three-month low. But the current figure is around 11% up from that value. The trading price of the FTSE 100 companies has touched to a price that is equal to 12 times of the forecasted earnings. However, it was running below that of the long-run average price.

The market analysts believe that sterling fall has boosted the index up. The fall has lifted the overseas earnings of the companies to a high and has made the stocks relatively cheap.