British FTSE 100 pared previous day's losses and rallied on Friday as European leaders unexpectedly managed to come up with a bundle of measures to boost growth and support region's banking sector. Financial and resource shares sent index higher. Lloyds Banking Group added 4.4% and RBS accelerated 3.9%. BP PLC gained 2.3% and BG Group PLC advanced 3.5% as oil prices rallied. Rising metal prices climbed lifting Vedanta Resources PLC and Antofagasta PLC which surged 5.6% and 5.3% respectively. At the moment of writing FTSE 100 trades 2% higher at 5,604.