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.
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The International Olympic Committee's (IOC) has ruled out a total ban on Russian athletes after revelations of state-sanctioned doping.
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