The pound is down against the euro this morning and stronger against the dollar. Sterling seems to be benefitting momentarily from the dollar’s weakness, however it is still feeling the pressure of a possible no-deal and the uncertainty in Parliament.
Sterling was also not helped by comments from Japan, warning that direct investment from overseas could dramatically fall in the event of a no-deal Brexit.
In Conservative leadership race news, Jeremy Hunt has questioned Boris Johnson’s approach to a no-deal scenario, saying that he should “be straight with people”. Meanwhile, Theresa May has refused to promise unconditional support for her successor’s Brexit plan.
