London stocks were set to edge lower on Thursday as investors mulled over the events of the previous night and looked ahead to a Commons vote on whether to delay the Brexit process by extending Article 50.
London stocks edged higher on Wednesday, even as sterling gained amid hopes of an extension to Article 50 and on the back of an unexpectedly positive surprise in the Chancellor's Spring statement.
The Chancellor of the Exchequer announced plans to launch a three-year spending review if a Brexit deal can be agreed, as he warned MPs of the dangers of crashing out of the European Union.
Most markets in Asia ended lower on Wednesday, amid fresh uncertainties over just what kind of Brexit the UK would end up having to deal with.
London stock markets were eerily calm by midday on Wednesday, treading water ahead of the Spring Statement as sterling gained amid hopes of an extension to Article 50.
London stocks were steady in early trade on Wednesday, with sterling on the rise as traders bet on an extension to Article 50.
The UK will remove tariffs on most imported goods if MPs vote for a no-deal Brexit, the government announced on Wednesday morning.
London stocks looked set to edge down at the open on Wednesday, with the Spring Statement likely to be overshadowed by Brexit concerns following Theresa May's latest defeat in Commons.
London's financial markets were all caught up in the latest twists and turns of the Brexit saga on Tuesday, with stocks reversing earlier losses as sterling tumbled along with hopes for Theresa May to avoid another damaging defeat in parliament.
Markets in Asia were in the green at the end of Tuesday, as investors reacted to a slew of positive developments from the US and Europe.