Updated / Wednesday, 29 Mar 2017 13:16
Sterling hit the day’s high this lunchtime in volatile trade while shares in British companies slipped after British Prime Minister Theresa May and European Council President Donald Tusk said Britain had formally triggered its divorce from the EU.
Sterling also hit day’s highs against the euro at 86.37 pence.
Britain’s FTSE 100 index – most of whose earnings are denominated in other currencies – hit a session low after May triggered Article 50, down 0.3%.
Source: Reuters