Sterling soars but FTSE stumbles after Theresa May's Brexit speech

The pound soared nearly 3% while £27 billion was wiped off the FTSE 100, after British Prime Minister Theresa May used a major speech to detail priorities ahead of Brexit negotiations.

Sterling rose more than 2.8% against the US dollar to 1.238. Against the euro, sterling rose 1.8% to 1.156.