The FTSE 100 edged up after Megan Greene, a member of the Monetary Policy Committee, gave an assessment of the consequences of Donald Trump 's trade war.
If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.
If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.
In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.
The FTSE opened down 2 per cent after the President's latest round of tariffs, which have shaken a global trading order that has persisted for decades and raised fears of recession.
The PM and Chancellor Rachel Reeves used a visit to a Jaguar Land Rover to fight to lessen the impact of the US import tax regime, as Wall Street became the latest market to nose dive.