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...FTSE gains 2.3 per cent

City A.M. Reporter
BRITAIN&rsquo;S top share index closed 2.3 per cent higher yesterday &ndash; its biggest gain since mid-July &ndash; as heavyweight commodity and bank issues rallied on renewed hopes over the gathering pace of the global economic recovery.<br /><br />At the close, the FTSE 100 was up 113.65 points at 5137.98, after closing 0.7 percent higher on Monday.<br /><br />&ldquo;The FTSE has had a bumper session today after yesterday&rsquo;s strong performance in the US... surging higher yet again as optimism returns ahead of the start of earnings season,&rdquo; said Jimmy Yates, Head of Equities at CMC Markets.<br /><br />Indices responded to signals that the economic recovery was underway in Australia after the Reserve Bank of Australia raised its cash interest rate by 0.25 point to 3.25 percent.<br /> <br />The dollar weakened after reports Gulf Arab States were thinking of replacing it with other currencies. <br /><br />