The FTSE 100 closed 0.6% higher at 7,044 after a suspected 'flash crash' saw the pound fall 6% overnight.
Miners dominated the blue chip index as the market priced in a greater value in sterling for their dollar-denominated revenue.
House prices in September grew at the lowest yearly growth rate since August 2013, according to new Halifax data. Shares in companies linked to property declined on the news.
West Texas Intermediate (WTI) crude oil slipped 0.3% to $50.30 and Brent crude oil was down 0.3% to $52.33 per barrel, respectively.
Gold rose 0.4% to $1,255 per ounce and copper climbed 0.8% to $4,784 per tonne.
Budget airline EasyJet (EZJ) was still in negative territory following yesterday's weak trading update.
According to the Halifax House Price Index, house prices in the three months to September were 5.8% higher compared to the same period in 2015.
Unemployment in the US rose to from 4.9% to 5% in September according to the US Bureau of Labor Statistics.
MAIN NEWS OF THE DAY
The UK government scrapped plans to let the public buy its shares in Lloyds (LLOY) at a slight discount to the market price. Shares in the bank fell 4.9% to 52.3p.
MID CAP RISERS AND FALLERS
Sports goods retailer Sports Direct (SPD) declined 9.1% to 273p on a negative full year 2017 guidance update. The company entered a hedging agreement due to 'extreme currency movements' overnight, resulting in a negative impact of £15m on underlying EBITDA expectations.
SMALL CAP RISERS AND FALLERS
Progility (PGY) crashed 38.1% to 1.62p after swinging from a profit of £0.7m in 2015 to a loss before tax of £1.4m.
Industrial services firm Brammer (BRAM) plummeted 29.4% to 89.5p after announcing plans for a £100m right issue, flagging a loss for 2016 and cancelling plans for a full year dividend.
Armadale (ACP) announced the preliminary discovery of high-grade coarse flake graphite mineralisation close to the surface at its Mahenge Liandu project in Tanzania, triggering a share price rise of 16.7% to 3.5p.
Medical testing kit maker EKF Diagnostics (EKF) rose 17.5% on a third quarter update with guidance for full year numbers ahead of expectations.
Power supply specialist XP Power (XPP) reported 'encouraging' momentum in order intake with North American markets returning to growth in its third quarter update.
Small cap UK energy play Cluff Natural Resources (CLNR) retreated 8.4% to 4.6p on news a North Sea oil and gas licence it aimed to acquire will have to be relinquished by the current owner after the Oil & Gas Authority refused to grant an extension to its initial term.
Micro cap software firm Defenx (DFX) slumped 7.1% to 91.9p as investors priced in the dilution from a £1.52 million placing, which will be used to speed up product development.