Sterling has weakened this morning and has reversed some of Friday’s gains. This appears to have happened as the Labour Party accused the Prime Minister of leaking the details of their potential compromise and therefore jeopardising talks.
It’s also been reported that May has carried out ‘scenario planning’ for a second referendum on Brexit, if she is forced by Parliament to hold one.
The pound surged to a one-month high on Friday after Jeremy Corbyn said that local election results should spur the two main parties to ‘get a deal done’ to leave the EU. Voters punished the two parties, blaming them for the current Brexit deadlock.
