Yesterday the FTSE 100 was the best performing major European stock market index in relative terms. The index managed to hold onto a very modest 14 point gain into the close, notwithstanding the slide in oil prices which unfolded ahead of that close. The FTSE 100 closed at 8,290. The DAX closed lower, but more on that in a minute. The CAC 40 was barely changed, unless you call a 3 point higher close a gain? Right now both the DAX and CAC futures are lower, but not so yet the FTSE 100. There is little doubt here; that the slide below 1.32 in the GBP/USD is a major factor in that. The FTSE 100 is currently priced to reopen around 8,300