UK shares opened higher on Monday, rising after Britain’s Prime Minister Theresa May said that she would trigger the process to leave the European Union by the end of March, which put pressure on sterling.

The blue chip FTSE 100 index rose 0.9 percent to 6,960.43 points by 0800 GMT, hitting its highest level since June 2015.

The index fell sharply after Britain voted to leave the European Union on June 24, but has since recovered and is up nearly 10 percent, thanks to the large number of internationally-facing firms listed which have benefited from a fall in sterling.

A man walks through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett

A man walks through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett

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