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No Sleep for Traders as U.K. Sees Most Turmoil Since Brexit Vote

  • Market participants say they’ve been ‘glued to screens’
  • Trading volumes more than doubled Thursday, according to CBoe

It’s been a tumultuous week in U.K. markets, and for traders that’s meant canceling dinner plans and waking up in the night.

The drama kicked off Tuesday as negotiators clinched a Brexit deal, before investors watched for headlines into the evening Wednesday on whether Prime Minister Theresa May’s five-hour Cabinet meeting would back it. Thursday saw the Brexit minister resigning and speculation May would face a leadership challenge, sending the pound falling the most in two years in a late slump.