Best describes the political position of Great Britain during the Civil War?

During the American Civil War (1861-1865), Great Britain maintained a position of official neutrality, although it was sympathetic to the Confederacy due to economic interests, particularly in cotton. The British government was cautious not to directly intervene, as public opinion was divided, with many supporting the Union's stance against slavery. However, there were significant debates over potential diplomatic recognition of the Confederacy, which ultimately did not materialize. The war's outcome influenced British attitudes toward the United States and its own colonial policies.