5) Marshall Motors chief executive Daksh Gupta has said that buying a car would not only become more expensive in the event of a no-deal Brexit, but motorists could have a smaller range of vehicles to choose from. “If we don’t get a deal and sterling falls then Britain will become a much less attractive market and less profitable market for manufacturers,” he said. “We’ll probably see fewer cars coming into the UK.”
What happened overnight
Asian equities rallied on Wednesday as investors breathed a collective sigh of relief at news the US had delayed tariffs on a swathe of Chinese goods, easing tensions in the countries’ bitter trade war.
The news provided some much-needed respite for investors, who have come under intense pressure from a range of issues including concerns about the global economy, Hong Kong’s protests, the trade war and Brexit.
Wall Street’s three main indexes surged on the announcement with the tech-rich Nasdaq up 2pc, and the Dow and S&P 500 more than 1pc higher.
The US gains filtered through to Asia where Hong Kong climbed 0.5 percent.
Elsewhere the surge in US stocks lifted MSCI’s broadest index of Asia-Pacific shares outside Japan by 0.9pc.
The Shanghai Composite Index advanced 0.6pc while South Korea’s KOSPI advanced 0.8% and Japan’s Nikkei rose 0.6pc.
High-yielding, riskier currencies also enjoyed some gains with the Mexican peso and South African rand more than one percent higher, South Korea’s won gaining 0.8 percent and the Indonesian rupiah 0.6 percent up.