The pound remained in a weak position against the euro and the dollar yesterday evening, and is still low this morning. This volatility is due to ongoing uncertainty over who will replace Theresa May, as well as continued fears of a no-deal Brexit.
Boris Johnson got a fresh boost as he was endorsed by the Health Secretary, Matt Hancock, who pulled out of the running last week. However, Johnson failed to show up to get another media event, the hustings of Westminster journalists. He does, however, intend to appear in a televised BBC debate this evening.
Today, another ballot for Conservative MPs will take place. Each candidate will have to receive at least 33 votes to get through to the next stage and take part in the live televised debate this evening. It is thought that underdog Rory Stewart could have more of a chance than originally thought, as he has received support from Deputy Prime Minister David Lidington.
