Eurozone equities sag as British pound wins GDP boost

The British pound rallied briefly Thursday on brighter-than-expected economic growth data, while eurozone stock markets sagged amid a dearth of news from the region. Sterling bounced after official data showed that Britain's economy grew by 0.5 percent in the three months following the country's referendum in favour of exiting the European Union. "The GDP data initially boosted the pound which had a negative impact on the FTSE and pushed it into the red," Oanda analyst Craig Erlam told AFP.