"Certainly it was a very strong end to 2016 for the FTSE 100, now we've just started the New Year hitting record highs on the first day of 2017. Now I don't necessarily think that anyone wants to stand in the way of this steam train at the moment and certainly we do expect to see further gains around the corner. That being said there's a lot of worry within the markets, and now certainly this is something that has gone on for years now - where everyone's saying, you know, maybe we're seeing a bubble forming. Are we seeing a bubble at the moment? It's very hard to say but we're certainly in a position where we are unlikely to see any more stimulus from the Bank of England and, therefore, where's that next boost going to come from? Everyone's sort of rising, all the different indices are rising, because everyone is focusing in on the US. What happens if the US don't deliver on their fiscal policy and at the same time you're seeing the Federal Reserve raising rates. So there certainly is a threat, but for the time being I don't think that there's necessarily too much to worry about and I do think we're going to see the pound deteriorate and that should continue to provide a boost for the FTSE 100 throughout the beginning part of 2017."
"Certainly the big story for the back-end of 2016 was all about that pound weakness and it is looking like it is going to carry through into 2017. The big question is what influence is the Brexit negotiations going to have on it and I don't think necessarily we're going to get anything positive in terms of Brexit negotiations for some time yet. There's no reason for anyone within the European Union to actually show their hands in a positive sense towards the UK and as such, as these negotiations come forth, and as you see the odd company start to say that maybe they are going to start moving some of their operations abroad, I think there are going to be more and more worries about what's going to happen with the UK. So I think, it might not necessarily take a move into March for when these negotiations actually start happening, I think we're going to start to see it front-run somewhat in the markets, so I think January or February we will see another leg lower for the pound and that's going to have a big influence in terms of the valuations in the FTSE because, of course, that pound weakness actually has been the main driver of strength at the back-end of 2016."
"I think that traders love volatility and when you have a year without any volatility it's not necessarily something that people get too interested in, they find it frustrating. When we do see these big events, like, you know, the French election coming up, Donald Trump I think has proven himself to be able to cause volatility with a single tweet, so whether that's going to stop or not - it's highly unlikely that it will stop."
Britain's leading stock index struck a record high on Tuesday as a closely monitored survey showed manufacturers in the country gaining further business from the sharp fall in the value of the pound since the country's decision last June to leave the European Union (EU).
In early-afternoon trading, the FTSE 100 index was up 0.4 percent at 7,174.
Though the index is down slightly from its earlier all-time high of 7,205.21, it remains on course to better the previous record high of 7,142.83.
Joshua Mahoney, a market analyst at IG Group, told The Associated Press that further gains are expected, adding he doesn't think "anyone wants to stand in the way of this steam train at the moment".
One of the main reasons why the FTSE 100 has hit a series of highs over the past few months relates to the near 20 percent fall in the value of the pound across a wide array of currencies since June's vote to leave the EU.
A weaker pound can help exporters win business in international markets and paradoxically boosts earnings of many of the companies that make up the FTSE 100.
Though manufacturing remains a positive driver, the consensus both within and out of government is that the British economy will see growth falter this year as the uncertainty surrounding Brexit ratchets up.