FTSE CLOSE: Shares jump on US-China trade deal; Pound at $1.33 as new MPs head to Parliament; Sports Direct close to tax deal with Belgium
The FTSE 100 has soared 2.25 per cent or 165.61 points to 7519.05 on news of a US-China trade deal.
The pound was at $1.33 against the dollar as trader sentiment remained high following the decisive election.
Sterling had slipped back from Thursday night’s sharp rise as traders banked some profit, but that sell-off appears to be over.
In company news, Mike Ashley’s Sports Direct said it was confident a €674million tax dispute in Belgium was close to being settled.