The index of UK blue-chip stocks looks set to open 25 points higher at 7,307.34

The FTSE 100 looks set to open in positive territory, taking its cue from Asia's main markets, which started the week on the front foot.

Providing momentum was Friday's move by the People's Bank of China to unleash some US$126bn of lending power by reducing the amount banks have to keep in reserve.

In the US, meanwhile, Federal Reserve chair Jerome Powell pledged to do whatever was needed to keep the world's largest economy growing.

Closer to home, Brexit, which is fast disintegrating into an 'omnishambles', will continue to dominate the domestic agenda.

The pound, changing hands for US$1.227, continued to trade well off its lows of early last week with the prospect of a No Deal Brexit fading.

But PM Boris Johnson looks to test soon-to-be-enacted legislation that would force him to seek a further extension to the deadline for Britain's exit from the EU.

"Volatility [for the pound] is likely to remain as the political situation unfolds," said David Madden of CMC Markets.

Scheduled corporate news flow is set to pick up in pace this week with updates from Primark owner Associated British Foods (LON:ABF) and retailer Morrisons (LON:MRW) leading the charge.

Monday's main corporate highlights

Finals: Abcam Plc (LON:ABC), Duke Royalty Ltd (LON:DUKE),

Interims: Diaceutics PLC (LON:DXRX), Medica Group PLC (LON:MGP)

Trading announcements: Associated British Foods plc (LON:ABF)

Economic data: UK gross domestic product, UK industrial production, UK index of services

Around the markets: Gold US$1,517.90 an ounce, up US$2.40; Brent crude US$62.15 a barrel, up 61 cents; Bitcoin US$10306.31, down US$5.99

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