The prospect of a further delay to Brexit pushed up London's midcap index a...
- The prospect of a further delay to Brexit pushed up London’s midcap index and more domestically exposed sectors including banks and homebuilders on Wednesday, as it eased some fears of a disruptive no-deal departure.
Prime Minister Theresa May, after seven hours of cabinet meetings on Tuesday, said she would seek another Brexit delay beyond April 12 to try to agree a European Union divorce deal with the opposition Labour leader. Although the default remained that Britain would leave the bloc without a deal, May’s move offered the prospect of keeping the UK in a much closer economic relationship with the EU after Brexit.
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