FTSE 100 Gains 3% on US-Iran Ceasefire

FTSE 100 rose 3.1% as a US‑Iran two‑week ceasefire lifted market risk and boosted European equities.
British pound rose to $1.3476 (+1.4%); Shell’s Q1 refining margin $17/bbl but shares dropped >7% on $10‑15bn working‑capital outflow.
UK house‑builder stocks surged 9‑13% after Halifax data showed March house prices fell 0.5% to £299,677 but remained 0.8% above year‑earlier levels.
Mining and airline stocks jumped 7‑14% as oil fell after cease‑fire; Close Brothers jumped >17% on FCA redress cost £320m.