The pound is benefitting from the dollar’s weakness today, but continues to suffer against the euro as uncertainty continues.
In an interview with the BBC yesterday, Boris Johnson stuck to his pledge to leave the EU on the 31st of October. However, he said that he did “not believe for a moment” that the UK would leave without a deal. He also claimed that, if necessary, Parliament would be ready to support a no-deal Brexit, despite previous rejections of this in the House of Commons.
After a brief uplift over the weekend, the pound was still in a weak position yesterday afternoon due to the increasing likelihood of a no-deal Brexit. The markets will be keeping an eye on the Conservative leadership race, as hustings take place around the country over the next month.
