Brexit continues to dominate headlines leading to fluctuations in the pound on a daily basis.
Brexit continues to dominate headlines leading to fluctuations in the pound on a daily basis. Theresa May is trying hard to keep everyone happy and avoid a party conflict as she yesterday came up with a time-limited “backstop” if a trade deal is not in place by 2021. It looks like this was just enough to prevent David Davis from quitting as Brexit secretary. The pound recovered on this news rising nearly 1% following the earlier fall before the news broke. EU negotiator Barnier has already begun questioning May’s “backstop” and with more news coming out of rifts among the Conservative party, now could be a good time to buy your euros before even more headlines make sterling slide.
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