The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.
The UK's blue chip index was up 0.7% to 6,333 in early afternoon trading, reclaiming some ground lost yesterday when the index fell 1.6%.
European markets also moved higher, having tumbled alongside the UK on Thursday.
The German DAX was up 1.2% while the French CAC 40 gained 0.8%.
Markets were boosted by the announcement that German business confidence rose to a ten-month high in January, those this positivity was offset by news European banks will pay back less of the emergency loans provided by the ECB last year than had been expected.
The central bank said just over €61bn of the €530bn borrowed will be repaid by banks next week, below the €130bn expected by analysts.
The euro fell to a six-week low of $1.3157 on the news. The single currency rebounded at the start of the year, particularly against sterling, but has now lost 3.5% against the dollar this month.
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