The pound recovered ground yesterday after British Prime Minister Theresa May said she plans to return to Brussels to discuss changes to the Brexit deal she agreed with EU leaders last month despite an overwhelming rejection of the draft text by MPs last week.
The London stock market ended the day with the thinnest of gains, but still outperformed its European peers which all closed lower.
Earlier, Asian indices closed higher.
US markets were closed for a bank holiday, making for more modest trading volumes than usual in the rest of the world.
There was mixed news out of China, with official data showing the country’s economic growth at its slowest pace in 28 years offsetting a report that the country has offered to eliminate its massive trade surplus with the United States – easing trade war tensions between the world’s two biggest economies.
Britain, meanwhile, is on course to crash out of the European Union on March 29 without a deal unless UK MPs can force a delay or come up with an alternative plan that Brussels is also happy with.
“Unless the British PM intends to commit political suicide, an extension request is the most likely scenario and the EU will most probably...
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