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The FTSE sports the slightest of hangovers, losing 0.1% (EWU -0.1%) as the rest of Europe (FEZ...

The FTSE sports the slightest of hangovers, losing 0.1% (EWU -0.1%) as the rest of Europe (FEZ +0.5%) moves higher following Friday's post-close credit rating downgrade of the U.K. The news is a snoozer in the Gilt market, the 10-year yield falling 2 bps to 1.65%. Cable (FXB +0.2%) had given up some ground Friday afternoon, but gained it back today.
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