Pound Up 2.4% In Three days and FTSE 100 Climbs

July 13, 2016, 5:25 am

In just three trading sessions the pound has risen by more than 2.4% against the dollar as Theresa May is set to take over as Prime Minister today. 

The pound is currently trading down 0.1% on the day, at $1.3265, having touched a 13-day high of $1.3338 in early trade. 

Sterling plunged to a 31-year low in the aftermath of the Brexit vote as political uncertainty rattled currency markets. 

Jasper Lawler, of CMC Markets, said: "Currency markets lost their recent buzz with Sterling flat ahead of tomorrow’s Bank of England rate decision and the yen strengthening moderately at the disappointment over no helicopter money."

Credit: telegraph

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