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Britain’s currency is taking a post-Brexit beating. Are equities next? Add to ...

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For buyers of British equities, Brexit didn’t seem to matter.

Since late June, shortly after Britons voted to leave the European Union, the FTSE-100 has marched ever upward and now trades near record highs. The FTSE-250, whose members companies are focused on the British economy, has reached an all-time high. The British economy was strong, the Bank of England was working its magic and many economists and business commentators agreed that what the Leavers dubbed “Project Fear,” the forecasts of economic doom spun by the Brexit-fearing mob, proved to be false alarms.

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