The pound remains weak this morning after tumbling to a 28-month low against the dollar yesterday, amid growing speculation that the UK is heading for a no-deal Brexit.
Rhetoric to support this included comments from Michael Gove, who said the government are now “working on the assumption” of a no-deal outcome. Boris Johnson also said that the current withdrawal agreement is “dead.” However, the EU has said the deal cannot be renegotiated. Johnson has urged the EU to drop their stance on this.
Despite this, during his visit to Scotland yesterday, Johnson said that there was “every chance we can get a deal” and that he’s “very confident that with goodwill on both sides…the UK and EU, can get this thing done.” This ongoing uncertainty over how the UK will leave the EU could keep the pound on the back foot for a few weeks to come.
