Pound Up 2.4% In Three days and FTSE 100 Climbs
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."
Follow us on Twitter @theglobengr