Pound Sterling (GBP)

The stock index closes at a high as global inflation and interest rate fears ease.

Sterling has reached its highest level against the US dollar since mid-August.

The currency has rallied against the dollar in recent days, and rose further on Wednesday.

It comes as investors welcomed the appointment of Rishi Sunak and the dollar fell.

The pound has fallen against the dollar as the UK's financial and political turmoil continues.

Sterling initially rose sharply to $1.13 as investors reacted to the news of the prime minister's departure.

Government borrowing costs fall and sterling climbs as most of the mini-budget tax measures are reversed.

Borrowing costs climbed as some economists questioned whether the corporation tax U-turn went far enough.

The PM defends the mini-budget, saying she "absolutely" plans to stick to her campaign pledge.

The pound remained high despite confusion over when Kwasi Kwarteng would set out his debt-cutting plan.

A currency trader, a mortgage broker and a firm tell us how the economic turmoil affected them.

Chancellor Kwasi Kwarteng remains under pressure to detail how he will pay for wider tax cuts.

Businesses in the West Midlands say they are expecting to pass on higher prices to customers.

Downing Street says it will not change its tax-cut plan but the PM is meeting the Budget watchdog.