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Britain should strengthen its links with China as it prepares to leave the European Union, and leverage on new opportunities emerging from China’s continued reform and opening-up, leading industry insiders and government representatives told a conference in London on Tuesday.

Buoyed by an optimistic economic outlook, the yuan has strengthened against the US dollar by nearly 5 percent since the end of May. Last month, the yuan appreciated by 1.8 percent against the greenback to around 6.84 per dollar.

Business confidence remained close to the record low. Survey respondents were pessimistic about the business outlook in the year ahead as the unrest was still likely to disrupt the functioning of businesses.

Bullis is expected to continue testifying Thursday.

Brent Crude on Monday opened at .8 per barrel on the oil futures market, an over 10 percent surge from Sunday's close of .22. And crude prices once jumped nearly 20 percent during the trading day.