How High Court ruling on Brexit affected sterling

Sterling has risen the most against the dollar since August after the High Court ruled the British Government does not have the power to trigger Article 50 without MPs' approval.

By The Newsroom

Published 3rd Nov 2016, 11:24 BST

Updated 16th Nov 2016, 16:48 BST

This is how sterling performed against the Euro in the aftermath of the announcement.

In the immediate aftermath of the ruling, sterling rose by one per cent against the dollar to just above $1.24.

Related Article: High Court rules Theresa May does not have authority to trigger Article 50 without approval from ParliamentIt’s the first time sterling has gone above $1.24 in three weeks.

However, the gain was short lived as sterling dropped to $1.23 just before 10.30am.

Sterling also strengthened against the Euro rising from €1.10 to €1.12.

The British government said it will appeal the High Court’s ruling in the Supreme Court.

Related Article: Brexit High Court decision ‘welcome’