The benchmark was down more than 20% from its recent high after major stock indexes lost ground in Friday trading, but then rallied to end the day near flat.
As the greenback has been rising due to the super-hawkish monetary policies in the United States, many foreign currencies are slumping. But international stocks are cheaper than the U.S. ones. Hence, currency-hedged ETFs appear good bets.
The FTSE 100 ended the day up 87.24 points, or 1.19%, at 7,389.98 points.