The pound has dropped against both the dollar and the euro this morning after a brief rebound. Expectations of a no-deal Brexit are keeping it low. In his weekly Telegraph column, Boris Johnson reiterated his intentions to take Britain out of the EU by the 31st of October, if he becomes Prime Minister. The pound is still at near five month lows against the euro.
Sterling also slipped on Friday as Boris moved closer to becoming Prime Minister. This increases worries of a no-deal Brexit, a prospect which continues to fare badly with the pound.
