Pound rises against dollar on May's Brexit gamble

LONDON: European stock markets rose on Wednesday on optimism over US-China trade talks while the pound ticked upwards amid hopes that British Prime Minister Theresa May's new political gamble could avert a messy"no deal" Brexit.

"This feels very much like the last throw of the dice, with the argument being that cross-party talks should have been the first throw of the dice," Hughes told AFP. European and Asian stock markets also advanced on Wednesday as a report said China and the US were closing in on a deal to end their long-running trade row.

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Europe: London stocks up as pound falls on Brexit chaos[LONDON] London's stock market rose at the open on Thursday, with share prices of multinationals climbing as the pound dropped in the wake of more Brexit uncertainty. Read more at The Business Times.
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