Investors spooked by rumours of revolt by Tory backbenchers and warning from IMF approximately UK crashing out of EU with no dealThe pound has come under pressure on international currency markets after investors were spooked by weekend rumours of a backbench revolt that could topple Theresa May’s government and add to the uncertainty surrounding Brexit talks.
Sterling shed a cent against the US dollar,to below $1.31, and a similar amount against the euro to €1.122 on Monday as concerns approximately the stability of the government preyed on investors’ confidence in the outlook for the UK. Related: Business nowadays: sign up for a morning shot of financial news Continue reading...
Source: theguardian.com