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Britain's FTSE recovers part of post-Italy vote slump

* FTSE 100 up 0.9 percent, recovers 2/3 of Tuesday's fall * Wolseley rallies on strong U.S. housing data * Volumes 20 percent lower than during steep sell off By Toni Vorobyova LONDON, Feb 27 (Reuters) - Britain's FTSE 100 edged higher on Wednesday, with some investors using the previous day's steep fall to snap up stocks at cheaper levels, reassured by solid U.S. data and prospects of sustained central bank stimulus.
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