FTSE LIVE: Pound back on the rise as new MPs head to Parliament

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. 

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