Continuing uncertainty in the UK and EU is putting pressure on the pound, which remains choppy today. Labour stated they would be backing a second referendum, but soon clarified that it would be on the form of a new Brexit deal only. Meanwhile, one of the favourites in the Conservative leadership race will appear in court, accused of misconduct in public office.
The dollar is at a one-week high against a basket of currencies, as it continues to go from strength to strength. Tensions are increasing again in US-China trade wars, with China’s government accusing America of ‘naked economic terrorism’.
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