The FTSE 100 hit a new record high in mid-morning trading on Friday, pushed up by a fall in the Pound.

The pound fell after the latest General Election poll found the Conservative Party’s lead over Labour had narrowed substantially, with less than two weeks to go before Britain votes.

Despite the Conservatives starting the campaign with a strong lead, the Labour Party has since increase its projected vote share by five points to 38 percent, with the Conservatives saw theirs drop to 43%, a fall of one point.

The pound is currently trading down 0.68 percent against the dollar at $1.28, and 1.15 against the euro.

Michael Hewson of CMC Markets commented:

“If you look at European markets, they’re lower by a considerable amount. The weaker pound is certainly not hindering the FTSE’s rise,” he says.

The FTSE is currently up 0.15 percent at 7528.62 (12013GMT).