The City Thinks an ‘Awkward’ Brexit Extension Could Push Out Theresa May
Theresa May on April 11.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
British Prime Minister Theresa May’s task to sell the extended Brexit deadline to MPs will be a tough one and could lead to attempts to replace her, market strategists say after last night’s negotiations in Brussels. The six-month extension could support the pound and U.K. stocks with softer departure options or even the possibility of ending the separation plans via a referendum, with the focus now turning to domestic politics. FTSE 100 futures point to a flat open, with the sterling little changed.
Here are reactions to the news from market participants: