U.K. and EU Drop October Deadline for Brexit Deal

  • Both sides see mid-November as new end date for divorce talks
  • Theresa May’s spokesman says pace of negotiations accelerating
A "no-deal" Brexit must be factored in, says Hermes portfolio manager Louise Dudley.(Source: Bloomberg)
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The U.K. and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely.