June 29, 2016

Brexit! Pounds continue to regain strength


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A BBC report shows that Pound have continued to regain some of the ground lost in the wake of the Brexit vote.
After rising 2.6% on Tuesday, the FTSE 100 share index was up 2.1% at 6,271.48 by mid-morning.
The FTSE 250 index - which contains more UK-focused companies - rose 1.4%. On Tuesday it had closed 3.6% higher.
The pound rose 0.3% against the dollar to $1.3383, but sterling still remains well below levels reached before the referendum.
The pound had risen as high as $1.50 on Thursday before the result of the referendum became clear. On Monday, sterling hit a 31-year low against the dollar.
Against the euro, sterling rose 0.4% to about €1.21. Before last week's referendum it had been trading around €1.30.
Source: BBC

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