London Markets: London markets climb as end of May era looms

London markets were broadly positive as U.K. Prime Minister Theresa May’s waning influence appeared to signal an end to the Brexit deadlock.

How did markets perform?

The U.K.’s FTSE 100 UKX, -0.10% rose 0.5% to 7,368.1, adding to Wednesday’s gain of 0.2%

The pound GBPUSD, -0.3856% gave back much of Wednesday’s gains, sinking 0.3% to $1.2671. It was up 0.4% Wednesday.

What’s moving the markets?

China’s Washington Ambassador Cui Tiankai said the country was ready to continue trade talks with the U.S., telling Fox News that “our door is still open”. Tiankai also blamed the U.S.

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