October 15, 2019 / 7:34 AM / a month ago

Lingering hopes of Brexit deal lift UK stocks

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* FTSE 100 up 0.3%, FTSE 250 up 0.9%

* Domestic stocks gain on lingering Brexit deal hopes

* Neil Woodford’s listed fund hits record low

Oct 15 (Reuters) - Britain’s domestically exposed stocks rallied on Tuesday amid hopes that a Brexit deal could be clinched before Oct. 31, while Neil Woodford’s listed fund sank to a record low after a decision to wind up the money manager’s suspended fund.

The FTSE 250, which had surged more than 4% last Friday after positive Brexit signals from Ireland, added 0.9% by 0705 GMT. Britain and the European Union are set for crunch Brexit talks at a summit on Thursday and Friday.

The FTSE 100 rose 0.3%, helped by UK-focussed banks Lloyds and RBS, and stocks considered most sensitive to any Brexit fallout such as housebuilders .

Woodford Patient Capital Trust tumbled 8% after the corporate director of Neil Woodford’s suspended LF Woodford Equity Income Fund said the fund is to be wound up. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Shounak Dasgupta)

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