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Pound stabilises after London terror attack

The pound was stabilising on Monday after an initial dip following a terrorist attack in London which killed seven and injured 48.

The currency was 0.1 per cent weaker against the dollar as European trading got underway at $1.2873. It had slipped as much as 0.3 per cent at $1.2853 earlier in the session in the wake of attack in London Bridge on Saturday.

Theresa May has vowed to step up Britain’s fight against Islamist extremism after the third attack within the space of 10 weeks. Mrs May outlined plans to tackle extremism including stronger counter-terrorism laws and more pressure on technology companies to crackdown on terrorists using online “safe spaces”.