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UK must rebuild trade relationship with EU, says BoE boss; China-US shipments slump – business live

Rolling coverage of the latest economic and financial news

Shares are rising in London in early trading as well.

The FTSE 100 index of blue-chip shares has gained 32 points, or 0.4%, to 8564 points.

“The diplomatic offensive presented conjointly by President Trump and Keir Starmer from Washington and Solihull has ignited a feint spark of optimism in equity markets. The coincidence with VE day commemorations seemed designed to underline the special relationship between the two allies.

With details emerging late in the day it wasn’t enough to prevent a down day on the FTSE [yesterday] but sentiment has picked up this morning.

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