Rolling coverage of the latest economic and financial news, as sterling is buffeted by political drama
9.33 am BST
NEWSFLASH: The pound just hit the $1.30 recognize, as the City cling onto hopes that a disorderly Brexit can be avoided.
“There are now refreshed hopes Prime Minister Boris Johnson can get his deal through today, although there are likely to be further twists in the Brexit saga no matter what happens in Westminster later.”
9.20 am BST
Little by little, the pound is nudging towards the $ 1.30 symbol against the US dollar.
It’s not been that high-pitched since the middle of May, but speculation that MPs could approve Johnson’s deal this week is giving sterling a lift….
Read more: theguardian.com