Sterling stayed positive today, trading over $1.12 as investors kept watch on the UK’s fraught political drama.
City experts said the uncertainty in Westminster was looking priced in, though further turbulence could push the pound toward the bottom of its recent trading range.
Recession fears due to the outlook for much higher US interest rates mean European markets are under pressure today.
Wall Street closed lower last night, having rallied recently on the back of resilient US earnings figures.
