Investors weigh prospects for Irish shares under probable new hard-Brexiteer British prime minister

The fall of Theresa May pushed sterling slightly higher, but only after the currency had fallen sharply in the past week on the prospect her probable successor, hard Brexiteer Boris Johnson would drive Britain out of the EU without a deal.

Irish shares, whose pound earnings in Britain expose them to a weak pound, also took a breather following sharp losses, as investors weighed the likelihood of the elevation of Prime Minister Johnson in the upcoming Tory Party contest.