Rising odds of Brexit delay fuel pound losses
The pound was left reeling on Tuesday after MPs rejected Boris Johnson’s attempts to fast-track the Withdrawal Agreement bill through parliament.
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While Boris Johnson’s Brexit plan failed to get over the finish line on Saturday the pound still found cause for confidence at the start of the week.
After Boris Johnson was forced to seek a three-month extension to the Brexit deadline the pound remained under pressure.
While many doubted it was possible, the UK and EU have finally reached an agreement on Brexit, with Boris Johnson and Jean-Claude Juncker jointly anno
The odds of an imminent Brexit deal continued to fluctuate sharply yesterday, leading to another day of pound volatility.
Frenzied speculation over the possibility of an imminent breakthrough on Brexit saw the pound surge yesterday.
As the latest round of Brexit talks failed to deliver a significant breakthrough, GBP exchange rates shed some of last week’s gains.