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Pound rises as ex-chancellor Sunak poised to become PM – business live


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Markets react positively as nomination deadline for Conservative leadership looms; China’s economy grows faster than expected but lags official target

UK bond markets are also open, and yields are edging lower as well, signalling greater confidence in the economy.

UK stocks are following the pound’s lead.

Germany’s Dax is up 1.1%

France’s Cac 40 is up 0.7%

Spain’s Ibex is up 1.1%

Continue reading…Markets react positively as nomination deadline for Conservative leadership looms; China’s economy grows faster than expected but lags official targetUK bond markets are also open, and yields are edging lower as well, signalling greater confidence in the economy.UK stocks are following the pound’s lead.Germany’s Dax is up 1.1% France’s Cac 40 is up 0.7%Spain’s Ibex is up 1.1% Continue reading…