The pound was low yesterday and is down this morning as Boris Johnson announced he will table a motion on Monday for a general election, aiming for the 12th December, if the EU extends the Brexit deadline. Their decision is expected today. Most of the EU27 is said to favour a three-month extension, with France preferring a short extension to November.
Mario Draghi has held his last ECB meeting as President, and emphasised the continuing risks to the eurozone economy from protectionism and a general global slowdown, as well as Brexit.
Positive economic data from the US helped to buoy the dollar yesterday, although Donald Trump has again begun to push for interest rate cuts.
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