GBPUSD News by Allie Longford on 07:45 December 01, 2016 EST
The pound was not only strong versus the US buck but also against the rest of the major currencies. GBPAUD made 200 pips in just a few hours.
However UK stocks are not shinning with the news as the FTSE 100 is in the red in afternoon trading, down by more than 1.3 per cent, at 6,694.
Meanwhile precious metals remain weak and oil continues to show strength consolidating gains made on Wednesday.