Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.
Sterling rallied from a 20-month low after the vote, and was holding onto gains early in the Asian trading day, trading at $1.2629.
Any respite for sterling was expected to be brief, however, as May appeared no closer to getting her EU divorce agreement through parliament, raising the risk of a chaotic exit in March.
In equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early Asian trade after U.S. stocks finished the previous session higher, amid cautious optimism for progress in Chinese-U.S. trade talks.
Source : Reuters