Johnson

Another day of political turmoil awaits Johnson’s government after two top cabinet members Sunak and Javid resigned yesterday. But does the British pound care?

The British pound hit some turbulence overnight thanks to the confidence vote (or lack of) for UK’s Prime Minister, Boris Johnson.

“Sources” say a Brexit trade deal is “imminent”.

UK and EU leaders agree that negotiations should continue but a no-deal Brexit is still the most likely outcome on December 31.

The UK and the EU are on course for a no-deal Brexit that could rattle financial markets. We look at what it means for the pound, the FTSE 100, and stocks.

Boris Johnson set the new deadline for to a trade deal to be done on Sunday night.

The two sides remain far apart on three major sticking points – fisheries, governance and maintaining a level playing field.

A spokesman for Number 10 said ‘very large gaps remain’ while von der Leyen said the two sides were still ‘far apart’.

UK prime minister Boris Johnson is set to meet European Commission president Ursala von der Leyen in Brussels later today, with dinner pencilled in tonight, as the pair try and break the Brexit deadlock.

European stocks are set to open lower on Tuesday as Brexit negotiations failed to deliver a breakthrough yesterday.

Headlines will push the Pound around over the next few days.