Business Insider UK stocks closed higher after the FTSe hit a new all-time high on Thursday.
The FTSS, the British stock index, rose 4.5 per cent to 8,819.17 points.
The index closed at 9,664.18 points, and the S&P 500 was up 1.9 per cent at 2,818.23.
The UK was the fastest-growing market in the world in terms of share capital, with a 10.4 per cent gain in the year to June.
The US and China were the next two biggest markets for the UK.
UK Prime Minister Theresa May said in the second quarter that the economy would expand by 3.2 per cent this year, with the UK set to become the fastest growing economy in the G7 group, and would grow at the fastest pace in the EU.
UK-based FTSEs were up 8.4 points, while S&s were up 5.5 points.
UK stocks also jumped by 2.1 per cent on Thursday, while the FCO was down 0.2.
On Wednesday, the Bank of England cut its key interest rate target for a third time this year.
It is expected to keep the interest rate at 0.5% for the first time in five years in the coming months.
“We expect the economy to remain strong through the remainder of the year and we expect to have a healthy economic recovery this year,” the Bank said in a statement.
The Bank also said the UK economy was forecast to grow at an annual rate of 2.5 percent, but that this would be “weak” compared with the 3.6 percent expected in 2020, the second year in a row of stronger growth.