UK shares rebounded on Tuesday as a pullback in Treasury yields, following dovish comments from the U.S. Federal Reserve officials, eclipsed jitters on the Middle East conflict.
The internationally focused FTSE 100 was up 0.9% at 0701 GMT and the more domestically oriented FTSE 250 gained 0.6%.
Precious metal miners added 0.8%, as gold prices climbed amid the ongoing market uncertainty due to a conflict between Israel and Palestinian group Hamas.
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Dovish remarks from top Fed officials weighed on the dollar and Treasury yields as they indicated on Monday that rising yields on long-term U.S. Treasury bonds could steer the Fed from further increases in its short-term policy rate.
Industrial metal miners also advanced 0.6% following a rise in copper pries.
Among individual stocks, YouGov met expectations with a 63% jump in adjusted pretax full-year profit, taking the shares of the polling company up by 5.8%.
Meanwhile, data showed consumers in Britain held off on much of their non-essential spending last month as rising prices for motor fuel compounded the broader hit from the high cost of living.
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