Show this to STD fruitster13 Oct 2019 19:13
Investors in the UK’s stock market are expected to enjoy a £240bn “deal dividend” if Boris Johnson can seal a last-gasp Brexit agreement before the Oct 31 deadline.
Stocks in London would rise 10pc and the pound would claw back 8pc against the dollar if a Brexit deal is reached, according to market stress tests conducted by data giant MSCI.
Sterling and UK-exposed stocks skyrocketed into the weekend amid resurgent hopes of a breakthrough in talks between the UK and EU.
The domestic-focused FTSE 250 index advanced more than 3pc while RBS and housebuilders saw gains of more than 10pc. Sterling gained as much as 2.8pc on Friday, pushing above $1.27 for the first time in three months.