Shares in London soared in the last few hours of trading as initial disbelief in the effects of today...
After yesterday's marginal rise, the FTSE today closed up 61.8 points at 5,278.1 points.
The benefits were not restricted to the large caps, however as the FTSE 250 did even better, putting on 126.9 to 5,653.8.
The FTSE 350 was up 33.6 to 2,588.9, the techMARK was up 47.03 to 1,501.78, and the FTSE SmallCap was up 46 to 2,428.7 points.
Software and media were among the best performing sectors.
Logica put on more than 10% or 83p to 851p, Granada lurched 14.5p to 155.5p, and WPP, which is being forced to complete its takeover deal for Tempus, gained 47.5 to 685.5p.
FTSE 100 index gainers outnumbered losers by 73 to 24.
BT was the biggest loser, due to the effects of its half year results, which showed the second quarter was abysmal.
The stock ended down 13p at 325p, as the brokers, led by Merrill Lynch, prepared their downgrades of the stock.
Smiths Group, Old Mutual, Shire Pharmaceuticals and Capital Group rounded out the list of top losers.
Shares in France and Germany also closed the day sharply up on the interest rate changes.
Three shifts in sector
Takeover rumours continue
Raised £116m in total
Protecting and dividing family wealth
'Pensions could veer off course'