The pound is weak against the euro and the dollar this morning, due to ongoing no-deal Brexit fears. Companies have also reported their weakest quarterly results in three years due to slowing global growth and Brexit uncertainty.
Top aid to the Prime Minister, Dominic Cummings, has said that Parliament cannot stop a no-deal Brexit. He said that MP’s had ‘missed their chance’.
Meanwhile, Prime Minister Boris Johnson has revealed that twenty hospitals in England will receive an extra £850 million of funding. Johnson will outline the plans today, and has already said that the money will mean “more beds, new wards, and extra lifesaving equipment.” There is speculation that this funding could be preparation for a general election, especially now the Conservative Party now have a majority of one in Parliament.
Market Services PMI data will be released this morning, and is due to come in at 50.2. A lower reading could have a negative effect on sterling.
