Britain's FTSE erases all its post-Brexit vote losses

[LONDON] Britain's FTSE 100 erased all its post-Brexit losses on Wednesday fueled by a late afternoon surge led by energy and financials shares.

The index closed at its highest level since April, finishing 3.6 per cent higher, at 6,360.06 points.

The rise lifted it above last Thursday's close of 6,338.10, posted before it slumped as much as 8.7 per cent after Britain voted to leave the EU.

The UK midcaps index which comprises more domestically focused companies is still nearly 8 per cent below its close before the vote.

REUTERS

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