FTSE firmer by midday despite weak GDP data
London’s FTSE 100 was up 0.4% to 7,051.64 by midday on Friday with sterling also higher despite weaker than expected UK GDP growth.
Growth of 0.1% in July compared to a consensus estimate of 0.6%, inhibited by the proliferation of the Delta variant that prevented many workers from being able to participate in the labour market.
Significantly the largest sector of the British economy, the ...