FTSE LIVE: Pound on the climb as it closes in on post Brexit high

  • JD Sports defies gloomy trading on the high street to see annual profits surge
  • The AA has said it is fighting a £225 million legal claim from its former boss
  • Pound on the rise again as expectations of rate rise firm up and dollar slips

This Is Money

The pound has enjoyed a good start of the week thanks to expectations of an interest rate rise next month and relative weakening of the dollar due to concerns over a the trade dispute with China. It crosses $1.43 yesterday and has its sights set on $1.44 this session. In company news, Primark owner ABF has become the latest retailer to bemoan the ‘Beast from the East’ cold snap seen earlier this year. 


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