The pound has recovered to a six-week high of $1.16 in the days following the arrival of Rishi Sunak in Downing Street.
Big Tech shares were shaken last night after Google and YouTube parent company Alphabet posted weaker-than-expected revenues and earnings figures.
Slower advertising spending meant Alphabet shares tumbled 7% in after-hours trading, while Microsoft also fell after its latest guidance.
The corporate earnings season continues today, with figures this morning from Barclays revealing a 6% rise in third quarter profits to just below £2 billion.
