Insights from the UK and beyond
from Global Investing:
Sterling tumbled more than a cent against the greenbackand gilts jumped while the FTSEurofirst 300 pan-European equity index trimmed gains considerably.
But Britain's FTSE shrugged it off, hugging its 1 percent gains in the face of data which shows the UK economy is still ailing badly.
Β It is the cosmopolitan nature of the FTSE which is keeping it buoyant. Miners and energy firms make up over 32 percent of the index, while miners banks, also very much global institutions make up a further 16 percent.