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London Markets: U.K. stocks rebound from 1-month low as AstraZeneca rises after trial results

U.K. stock rebounded from a one-month low on Friday, shaking off a continued rally in the pound as drugmakers advanced after industry heavyweight AstraZeneca released positive trial results.

U.K. gross domestic product data could also move the market, when they are out at 9:30 a.m. London time, or 4:30 a.m. Eastern Time.

What are markets doing?

The FTSE 100 index UKX, +0.65% rose 0.4% to 7,647.22, set to break a two-day losing run that left the benchmark at its lowest close since Dec. 22 on Thursday.

The pound GBPUSD, +0.2971% rose to $1.4221 from $1.4139 late Thursday in New York.

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