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London Markets: U.K. stocks break 2-day losing streak after pound’s mini ‘flash crash’

U.K. stocks on Friday closed higher for the first time in three sessions, boosted by a mini “flash crash” in the pound and a rebound in U.S. and Asian equities overnight.

The FTSE 100 index GBPUSD, +0.5949% rose 0.5% to end at 7,470.71. The move left the index up 0.5% for the week, a fourth consecutive weekly advance.

The benchmark on Thursday slid 0.9%, weighed by a pop in the pound above $1.30 and fears that controversies surrounding the White House would derail U.S. President Donald’s pro-growth agenda.

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