The FTSE 100 reached 9,000 points this morning as the London blue-chip index avoids the trade market turbulence affecting markets across Europe.
It comes as US president Donald Trump announced the European Union would be handed a 30% tariff from August, causing European indices to drop.
But here markets rose, with the UK having signed a trade deal with the US in May and thereby escaping further levy impositions.
The Times reports that analysts at Panmure Liberum said the deal gives UK businesses a degree of certainty.
They added the situation could also provide an opportunity for European businesses to divert exports to the US through the UK.
An analyst said: “If this arbitrage were to remain in place, it could boost the UK economy as it may become a major target for foreign direct investments in manufacturing sites and warehouses in the next three to five years."
The FTSE 100 made headlines just days ago when surging mining stocks sent it to a then-record nearing 9,000 points, a milestone which has now been reached this morning.
Renewed wider tariff uncertainty also sent silver prices to an almost 14-year peak while bitcoin rose to a record of above $123,000 on Monday.