british pound: How are the markets trading The British pound GBPUSD, -0.0155% was sharply weaker versus the U.S. dollar, after earlier hovering near a two-month high, according to Market Watch. Sterling last bought 1.2724, compared with 1.2866 late Monday in New York. Elsewhere, China announced plans to ramp up support for its economy, which boosted mining and oil stocks. The FTSE 100 Index UKX, -0.36% finished Tuesday's session 0.6% higher at 6,895.02, reclaiming some ground lost on Monday. Many market participants expect the deal to be rejected in the worst parliamentary defeat for any U.K. prime minister in history, with more than 100 Conservative politicians currently opposed to its terms. What is driving the markets Market participants were gripped by the impending vote on May's divisive Brexit agreement.
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