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UK stocks ease as market awaits Brexit deal update

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UK stocks ease as market awaits Brexit deal update
Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/Files   -   Copyright  SIMON DAWSON(Reuters)
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(Reuters) – London’s domestically-focussed mid-cap index shed almost half of the previous session’s more than 1% gain in early trade on Wednesday, with investors awaiting confirmation that a Brexit deal is really in the offing.

The FTSE 250 <.FTMC>, which has rallied more than 3% since last week on hopes that Britain could clinch a timely divorce deal, shed 0.5%, with traders eyeing a crunch summit this week after last-ditch talks between London and the European Union.

The blue-chip FTSE 100 <.FTSE> was also marginally lower, with miner Rio Tinto <RIO.L> and housebuilder Barratt <BDEV.L> slipping respectively 2% and 2.7% on signs of weakening future revenue.

(Reporting by Shashwat Awasthi in Bengaluru; editing by Patrick Graham)

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