You are here

Pound rallies as PM May relents on Brexit debate

Investors relieved as she accepts demand to allow MPs to vote on her plan for taking Britain out of EU
Thursday, October 13, 2016 - 05:50
BT_20161013_NAHMAY13_2544669.jpg
Even after Wednesday's rally, the pound regained just a fraction of its 4.9 per cent loss versus the dollar over the previous four days.

Singapore

THE pound surged against the US dollar, heading for the biggest gain in almost two months, after UK Prime Minister Theresa May accepted that Parliament should be allowed to vote on her plan for taking Britain out of the European Union (EU). Sterling climbed at least 0.7 per cent