U.K. Stocks Climb Most Among Regional Peers as Pound Weakensby
Britain’s equities advanced the most in almost two weeks amid a weakening of the pound after polls showed more voters are supporting an exit from the European Union.
The FTSE 100 Index added 1 percent at the close of trading in London, while the regional Stoxx Europe 600 Index rose 0.3 percent. The pound slumped to a three-week low after the results of the three polls were released. Similar surveys in May and April showed the ‘Remain’ camp leading.
Commodity producers climbed the most, with Anglo American Plc, Rio Tinto Group and BHP Billiton Ltd. rallying more than 6 percent. Housebuilders Berkeley Group Holdings Plc fell 1.6 percent, while Tesco Plc and Royal Bank of Scotland Group Plc dropped for a second day.
The broader FTSE All-Share Index also rose, as the Irish market was closed for a holiday.