Stocks gained amid trade war headlines on Thursday, while sterling rose to its h...
While the dollar softened against most major currencies, sterling rallied to a seven-month high against the dollar and a two-and-a-half-year high against the euro, extending recent gains on growing expectations next week’s general election will not result in a hung parliament.
However, British fund manager M&G Investments suspended dealing in its flagship UK property fund, blaming Brexit uncertainty and weakness in retailing.weakened, ceding some of the previous day's gains as positive signs about the trade dispute hurt demand for safe-haven currencies. Oil markets ran out of steam following a 3% rally overnight. Brent traded at $62.99 a barrel and U.S. crude CLc1 slipped 0.2% to $58.3 a barrel.
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