The pound has jumped to its highest level against the US dollar since January this morning as the greenback continued to slump on uncertainty.
Sterling shot to a peak of $1.4296 against the dollar and rose to an 11-month high of €1.1589 against the euro, though at the time of writing it had edged down somewhat from those highs.
"Dovish minutes from the ECB [European Central Bank] yesterday, coupled with a wider story of USD weakness has ensured the pound continues to outperform against its main peers," said Joshua Mahony, market analyst at IG.
Connor Campbell, financial analyst at Spreadex added:
The euro’s aforementioned softness, prompted by an ECB keen to dismiss the idea that it was changing tact policy-wise, helped the Eurozone indices eke out some mild growth after the bell.
The Dax was up 0.2 per cent and nearing 12,450, with the Cac just about re-crossing 5,300 with a 0.1 per cent increase.
The FTSE was down slightly at 7,253.84 due to the strength of the pound.
Read more: Dollar tumbles as pound hits two-week high