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London Markets: U.K. stocks rise, head for best quarter since 2010

U.K. stocks climbed on Friday, with the benchmark index scoring its best quarter in more than five years, as European political risks receded for now and China took a step toward easing trade tensions with the U.S.

The pound climbed after data showed U.K. economic growth in the first quarter was stronger than initially expected.

What are markets doing?

The FTSE 100 index UKX, +0.28% gained 0.3% to close at 7,636.93, trimming its weekly loss to 0.6%.

For the second quarter, which came to an end after the closing bell on Friday, the London benchmark scored an 8.2% rally.

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