Reply #51: FTSE swings higher on UK GDP relief, corporate earnings [View All]

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http://www.reuters.com/article/2011/04/27/businesspro-us-markets-britain-stocks-idUSTRE73Q2YW20110427

(Reuters) - Britain's FTSE 100 rose on Wednesday, as the UK's fragile recovery in the first quarter raised hopes of cheaper money for longer, fuelling demand for equities.

Britain's gross domestic product expanded by 0.5 percent between January and March, in line with forecasts, making it unlikely the UK central bank will raise rates in the short term.

Markets are not fully pricing in the first hike until November.

"It's definitely held back expectations of a rate rise," David Jones, chief market strategist at IG Index, said.