The pound is charging after Andrea Leadsom dropped out of the Conservative leadership race
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The British pound is jumping after Conservative party leadership candidate Andrea Leadsom pulled out of the race to be the UK's prime minister, leaving favourite Theresa May with a clear path to becoming the country's next leader.
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Here's the chart showing the pound's reaction:
Investing.com
Leadsom made an official statement announcing that she is pulling out of the race at around 12:15 p.m. (7:15 a.m. ET) and since then, the pound is up around 0.20% for the day, and off a little from the high seen shortly after rumours began to swirl.
You can see Business Insider's full coverage of Leadsom standing down from the election here.
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