London stocks reach record peaks on US tariff ruling and rate cut hopes

London stocks hit record highs Friday after a US court ruling blocked Trump tariffs. Hopes for a March interest rate cut further boosted market sentiment.

Insights:
London's primary stock indexes rose and finished the week on a high note today, February 20, 2026, after the U.S. USUS Supreme Court struck down tariffs previously implemented by President Donald Trump. The ruling significantly boosted investor sentiment, propelling the FTSE 100 to record intraday levels and securing its biggest weekly jump since mid-December. This upward momentum was mirrored across the broader market in Britain GBGB, with the FTSE 250 also seeing notable gains as the week concluded.
Branding is seen inside the LSEG (London Stock Exchange Group) headquarters in Paternoster Square, London, Britain, on April 25, 2025. REUTERS/Toby Melville/File Photo
Branding is seen inside the LSEG (London Stock Exchange Group) headquarters in Paternoster Square, London, Britain, on April 25, 2025. REUTERS/Toby Melville/File Photo
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