LONDON (Reuters) - The FTSE 100 <.FTSE> index is seen opening 4-5 points, or 0.1 percent higher on Friday, according to financial bookmakers, rallying slightly after a sharp drop in the previous session but still cautious following falls on Wall Street and in Asia and ahead of UK GDP data.
The UK blue chip index closed 122.94 points lower on Thursday at 4,345.47 with the market spooked by downbeat comments on the UK economy from ratings agency Standard & Poors.
S&P revised its outlook for the UK to negative from stable citing the danger that government debt may soar close to 100 percent of GDP, and uncertainty over policy before an election due by next year.
After that S&P move on Thursday, investors on Friday will be looking closely at the second reading for first-quarter GDP, due at 9:30 a.m. which is expected to be unrevised at -1.9 percent for the quarter, and -4.1 percent for the year.
(Reporting by Jon Hopkins; editing by Mike Nesbit)