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The pound pushed up 1.3% against the dollar and 1% against the euro on Friday.
The British pound rose 0.7% against the US dollar on the news.
The pound is tanking after Boris Johnson’s Brexit talks with Angela Merkel reportedly hit a dead end
The pound dropped 0.7% against the euro on Tuesday morning.
The pound was down 0.7% against the dollar as of 1:30 pm in London.
Traders are still jittery over Boeing's woes and Theresa May's Brexit deal was voted down in Parliament, leading to uncertainty and a bit of relief.
The downtrodden pound could be a big winner from the UK’s Brexit chaos, but investors are expecting a bumpy ride
May's defeat makes a second referendum, or Britain never leaving the EU at all, more likely. Those scenarios would be a godsend for pound bulls.
May was widely expected to suffer a crushing, and that defeat came to pass, with MPs voting 432-202 against the Withdrawal Agreement.
A Brexit-backing hedge fund titan now says Britain won’t actually leave the EU, and is betting big on the pound
"My view is that it ain’t going to happen," Crispin Odey said. "I just can’t see how it happens with that configuration of parliament."
‘Like playing darts while riding a unicycle’: Markets just don’t know what to make of UK politics right now
London traders are struggling to make sense of the shocking move by Prime Minister Theresa May's own party to try and oust her from power.
The pound has gained more than 1.1% against the dollar on Thursday morning.