Shares in London ended Wednesday on a mixed note after confirmation the UK saw better than expected economic growth at the end of 2016, with blue chips benefiting from a softer sterling.
Sterling was mostly lower Wednesday as mixed UK economic data reinvigorated Brexit nerves in the market, with investors' attentions now on the Federal Open Market Committee (FOMC) minutes due out at 19:00 GMT.
Crude futures pushed lower Wednesday as some in the market took a view that the global supply glut of the black liquid is set to last a lot longer.
British Prime Minister Theresa May has reassured business affected by rates rises related to property valuations that there will be "appropriate relief" given to those worst hit, but would not promise any cash to aid those struggling.
Saudi Aramco's attempt to bring about the world's largest initial public offering could be assisted by US investment banks JPMorgan Chase and Morgan Stanley, according to reports on Wednesday.
Britain's former trade envoy to the EU has slammed the prospect of Brexit without a new trade deal in place as "insane," with markets having sweated for months about the UK's prospects in a post-separation world.
The UK will have to pick up a hefty bill at the conclusion of Brexit negotiations, according to European Commission president Jean-Claude Juncker.
Crude-oil futures raced ahead Tuesday as a key Opec official said more measures may be needed to curb a persistent global glut of the black liquid, while a stronger dollar weighed on gold.
Bank of England chief economist Andy Haldane warned that a spike in market expectations for a central bank interest-rate hike may harm the UK economy, against the already challenging Brexit backdrop, and sees inflation above 2% for three years.