European markets move higher but Spain lags on Catalonia independence uncertainty, Chinese inflation jumps and oil climbs on new supply concerns
The pound is slipping back against the dollar following the stronger than expected New York manufacturing survey, as well as reports that the UK expects Brexit talks to break down unless the EU compromises.
Sterling, which had been as high as $1.3311, is now down 0.17% at $1.3259. Against the euro the pound is down 0.01% at €1.1236.