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Brexit news has little effect on London markets

Monday’s drama in the U.K. parliament seemed to do little for London markets, as speaker of the house John Bercow announced that he would not allow the government to proceed with a third vote on Prime Minister Theresa May’s Brexit deal without significant changes.

How did markets perform?

The pound GBPUSD, +0.1434% reacted dramatically to Bercow’s intervention Monday, but bounced back rapidly. It traded Tuesday at $1.3273, up 0.14% from $1.3254 at yesterday’s close.

The U.K.’s FTSE 100 UKX, +0.33% rose to 7,324.91, 0.36% above yesterday at 7299.19.

What’s driving the markets?

February U.K. unemployment figures surprised to the upside, coming in slightly below consensus at 3.9% down from 4% in January.

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