The Pound is on the backfoot, losing ground to the Dollar, as Tuesday’s session gets under way. Today’s sterling losses follow the gains recorded yesterday, after another day of turmoil in Westminster. As Boris Johnson’s government lost the 6th vote in as many days, his plans for Brexit on the 31st October appeared less likely to materialise. However, Tuesday’s downturn illustrates the realisation that the process is not straight forward and there are still several battles to be won, for the markets’ preferred scenario, which excludes a no-deal, to be achieved.
