Sterling reverses gains as FTSE 100 rises
The pound reversed earlier gains and by midday is trading 0.13% lower against the dollar.
Sterling is down at $1.2737 but the FTSE 100 maintained its momentum to rise 40.46 points at 7,540.9.
British Gas-owner Centrica has replaced the housebuilders to lead the index's biggest risers.
Its share price increased by 2.84% to 202.6p and was closely followed by gold and silver miner Fresnillo which added 43.00p to £16.84.
Ashtead Group, the industrial tool hire company, remained the biggest faller, shedding 1.8% to £15.70.
The FTSE 250 added 148.10 points to rise to 20,007.64.
The risers were led by Acacia Mining, up 8.70% to 296p despite political tensions in its key market Tanzania where the government is attempting to reform the mining industry.