Markets 'bored of constant Brexit drama'

As May agrees 31 October extension

Markets shrugged off news of a six-month delay to the UK's deadline to depart from the European Union, with markets now "bored of the constant drama" associated with Brexit, although asset managers warn the country's economy will continue to suffer as the process is dragged out.

The UK has been set a 31 October deadline for its departure from the EU, after talks in Brussels on 10 April left the country on course to take part in May's European elections or risk leaving with no deal on 1 June. Brexit can happen earlier than either date if Parliament is able to ratify the withdrawal agreement, which has already been heavily defeated three times. The FTSE 100 was down by just over 0.1% and the FTSE 250 was up by 0.5% at the end of the day following the agreement (11 April). Meanwhile sterling was flat against the dollar and the euro, as it moved up 0.4% against t...