The pound fell to a new 23 month low against the euro overnight and a 31 month low against the dollar, however has recovered slightly this morning. Sterling still remains vulnerable to no-deal Brexit fears, especially as Prime Minister Johnson continues to ramp up the no-deal rhetoric.
The dollar is under pressure from further escalations in the US-China trade war, which has now developed into a currency war also. The US have formally designated China has a currency manipulator, the first designation to occur since 1994.
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