Brexit fears pushed aside as FTSE 100 gains 1.5%

The FTSE touched the highest since Feb 2 despite uncertainty about the UK remaining in the EU. The major driver was the rebound in commodities that helped London-headquartered resource firms rally.

The weak pound also gave British stocks a lift.

Broad upbeat sentiment was a final tailwind with stocks around the globe higher to start the week:

  • German DAX +2.0%
  • French CAC +1.8%
  • FTSE MIB +3.5%
  • Spain IBEX +2.35%

The underperformance of UK shares is a testament to Brexit fears.