FTSE 100 rises steadily as 2012 GDP revised upwards

<p>The FTSE 100 has made gains as the UK’s 2012 GDP data is revised upwards.</p>

The FTSE 100 has made steady gains in trading this morning (February 27th), following a fresh revision of last year's gross domestic product (GDP) figures.

According to the latest report from the Office for National Statistics, the UK economy expanded by a greater-than-anticipated 0.3 per cent.

This is an upward revision from the zero growth that the official statistics bureau recorded.

However, the figures for the final quarter of 2012 was left unchanged, logging a contraction of 0.3 per cent.

This follows the decision by credit ratings agency Moody's to downgrade the UK from the top AAA rating to Aa1 over concerns growth in the country would remain weak for the next couple of years.

At 09:55 GMT, the FTSE 100 rose by a very marginal 4.9 points to an index value of 6275.4 points, coming down from the high of 6395.3 points, which the benchmark hit last week.

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