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London investors shrug off Brexit obstacles

April 2, 2019

London markets were unfazed by the Brexit deadlock, as financials led stocks higher for the fourth consecutive day.

How did markets perform?

The pound GBPUSD, -0.3815% was down after the latest Brexit vote results, sinking 0.4% to $1.3041 after gaining 0.9% Monday.

The U.K.’s FTSE 100 UKX, +0.71% led the regional gainers, up 0.6% to 7,362.5 following Monday’s rise of 0.5%.

What’s moving the markets?

If it were possible for Brexit to seem even more chaotic than before, the second set of meaningful votes Monday night achieved a unique degree of confusion. Even after narrowing the options following the first meaningful votes last week, there was still no majority in the U.K.’s Parliament for any of the options on offer, which included membership in a customs union and a referendum on any deal.

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