The FTSE 100 index has risen slightly this morning despite the decision by Moody's to downgrade the UK from its elite triple A rating.
There were fears that agency's decision to cut the UK's rating to Aa1 would hit its financial markets.
Shortly after markets opened in London this morning the FTSE 100 rose 0.5 percent.
More top news
Mother of Bobby and Christi Shepherd says Thomas Cook apology was 'too little too late' as she calls for greater safety standards.
The Neverland ranch where pop star Michael Jackson lived until running into financial difficulties has been put up for sale.
A 43rd generation direct descendant of the Prophet Muhammad, the Prince has vowed to clean up Fifa's act.