London has no problem with decisions on rates

The first two rounds of crucial interest rate decisions - from the Bank of England's monetary policy committee and the European…

The first two rounds of crucial interest rate decisions - from the Bank of England's monetary policy committee and the European Central Bank's governing council - caused no problems for London's stock market.

"No shocks for us with those numbers. They were already in the can," said one relieved market-maker.

The FTSE 100 index, up just over 17 points as the British news was announced, promptly moved ahead, with the upside momentum increasing after the ECB news was announced. And for good measure the market extended its gains as Wall Street came in on a firm note.

Even more impressive was the surge in the FTSE 250 index, which closed 74.7 ahead at 5,794.02.

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There were other gripping events taking place, spicing a vibrant trading session which saw turnover reach a hefty 1.35 billion shares, boosted by more programme trade activity and big turnover in Vodafone AirTouch.