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Shares Soar As Optimism Lifts Oil Prices and Boosts Sterling - The Times June 09

Shares soared and the dollar fell to its lowest level against the pound this year as the US currency bore the brunt of greater optimism about economic recovery.

The FTSE 100 closed 2 per cent higher as more positive data about the global economy lifted shares in oil, mining and financial companies. The index closed up 88.25 points at 4,506.19, its highest since early January.