Pound rises as ex-chancellor Sunak poised to become PM – business live

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Markets react positively as nomination deadline for Conservative leadership looms; China’s economy grows faster than expected but lags official target

As Sunak edges towards Number 10, he is being warned by Tory supporter and billionaire businessman Guy Hands to renegotiate Brexit, or face a UK economy which is “frankly doomed”.

Those comments were made to BBC Radio 4’s Today programme and have been detailed by my colleague Joanna Partridge:

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 ALL Credit of this post going to https://www.theguardian.com

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