The pound has weakened against both the dollar and the euro as the increasing possibility of a no-deal scenario continues to weigh. Latest developments in the Conservative leadership race have done no favours for sterling, with Boris Johnson and Jeremy Hunt divided on how Britain should leave the EU.
Boris has reiterated his tough stance on leaving, saying that he would take the UK out of the EU in October ‘come what may, do or die’. However, Hunt said that the 31st of October is a ‘fake deadline’ which, if Parliament rejects no-deal, could result in a general election.
Unfortunately, these contrasting comments only breed further uncertainty for the pound.
