UK FTSE 100 index traded substantially higher on Thursday helped by Burberry Group and Tullow Oil. Bank of England kept interest rate unchanged. Investors also awaited Fed chairman's speech. Burberry rallied 6% after Credit Suisse upgraded its share from neutral to outperform. Tullow Oil accelerated 4.2% after company said it has discovered oil in deep-water well in Côte d'Ivoire. Chemicals producer Johnson Matthey jumped 6.4% on successful earnings results. At the moment of writing FTSE 100 is 1.95% or 104.76 points higher at 5,490.21.