Theresa May's imminent appointment as the UK's new Prime Minister has been welcomed by UK finance professionals as a relief amid the uncertainty that has dogged the country and the City since the vote to leave the EU.

Andrea Leadsom, the energy minister, pulled out of the two-horse race for Number 10 on July 11, and Home Secretary May is expected to be named in the role on the evening of July 13 after David Cameron's final Prime Minister's Questions session.