Pound rises on Brexit delay; economic gloom hits European stocks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

European equities tanked and the euro sank under $1.13 as poor eurozone manufacturing data rekindled fears over the state of the world economy, dealers said.

The premier was given until April 12 to push her divorce agreement through a fractious parliament next week. If she manages to get it passed, the exit date will be pushed back until May 22. Signs of a weak first quarter for the eurozone mounted on Friday as a closely-watched survey pointed to March output being dragged further down by manufacturing weakness, especially in Germany, Europe’s largest economy.

At 47.6 points — down from 49.3 last month — the manufacturing purchasing managers’ index sank further below the crucial 50-point threshold between expansion and contraction.

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Pound up but still faces pressure after Brexit delay deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Bank of England on Thursday expressed concern that further 'uncertainties' over a 'cliff-edge' no-deal Brexit 'could have a significant effect on spending' by businesses.
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