FTSE 100 rises but pound falls to one-month dollar low

From BBC - October 6, 2017

The pound continued to fall as uncertainty over Theresa May's future as prime minister hit the currency.

Sterling fell to one-month low against the dollar, hitting $1.3052 at one point. Against the euro, the pound dropped 0.4% to 1.1160.

Former Tory Party chairman Grant Shapps said on Friday he believed Theresa May should face a leadership election.

Connor Campbell at Spreadex said a leadership battle would be "seriously bruising for the pound".

"While on Thursday there was a web of reasons why the pound was driven lower, this Friday's decline seems to have a more singular reason behind it: Tory infighting," he said.


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