Confidence in UK politics supports markets

Confidence in UK politics supports markets

The FTSE 100 extended early morning gains to achieve 6,923.22 during midday trading, up 1.307pc, as investors continued to digest the impact of yesterday’s vote in parliament on Brexit, which saw commitment to avoid a no- deal Brexit.

Strong performances across the mining sector helped boost the strengthening UK index.

International benchmark Brent crude rose 0.96pc to $61.91 as oil prices were supported by supply disruptions following the US sanctions imposed on Venezuela, although gains were limited by a unfavourable outlook for the global economy.

Sterling rebounded from a fall yesterday to hit $1.3111 against the dollar in the early morning, as investors bet the UK Government will continue to avoid a no-deal Brexit.

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