A trader passes a customer their change in the form of a five pound sterling note and one and two pound coins at Whitechapel Market in east London on April 11 2017. / AFP / Daniel LEAL-OLIVAS
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Sterling jumped as much as 1.6 percent against the dollar on Tuesday to hit its highest levels since mid-December, after British Prime Minister Theresa May surprised markets by calling for an early parliamentary election in June.Standing outside her Downing Street office, May said she had decided "with reluctance" that an election was needed to secure political unity and stability as Britain negotiates its way out of the European Union.Sterling jumped as high as $1.2772, its strongest since Dec. 14 and just shy of its highest in six months, as investors viewed the election as lessening political uncertainty and making it more likely that Britain could maintain some kind of preferential access to the single European market.Its gains against the dollar put sterling on track for its biggest one-day rise since January, and prompted finance minister Philip Hammond to say in parliament in a rare comment on the currency that its rise showed markets were confident the Conservative government would win an increased majority.
FOLLOW THIS ARTICLE