Sterling made steady gains on most key cross on Friday, appearing nonchalant in its reaction to disappointing UK economic growth data out mid-morning.
Stocks in London drifted to a lower close on Friday as a rise in sterling weighed on blue chips and both UK and US preliminary economic growth data disappointed investors on both sides of the Atlantic.
Industrial metals and mining stocks paced gains in the last session of the week on reports of falling copper and zinc stockpiles in Shanghai, amid speculation demand for steel might be set to head higher.
Economic activity in the States slowed at the start of the year, weighed down by a slowdown in the pace of inventory accumulation, lower public spending and increased imports.
Crude-oil futures are higher on Friday as traders liked reports Russia has complied with Opec output limits, and also on hopes the cartel will extend its production cut pledge.
"In June we expect a change to a less dovish and more symmetric forward guidance that would open the door for depo rate hikes in 2018.
Sterling sailed higher on most key crosses Thursday as investors liked the currency after pleasing UK retail data, European Central Bank holding interest rates and last night's US tax-reform disappointment.
Equities in London were punished lower on Thursday as pronounced weakness among mining and oil majors, a US tax-reform hangover, and a bundle of ex-dividend shares all told against the FTSE.