On Monday, hopes rose that UK Prime Minister Theresa May would be able to break through a Brexit ‘deadlock’ by travelling to Brussels – but her trip ended with negotiations still stuck at a standstill.
Sterling recovered slightly against most major rivals on Monday as investors were cheered by mutterings that UK Prime Minister Theresa May could reshuffle her cabinet in order to reassert her premiership and ward off concerns of a possible leadership challenge.
The Pound recorded small losses against the Euro and US Dollar today, following a worse-than-expected result for UK construction activity.
Softness in several of its currency rivals meant the Pound was able to advance on Monday
The Pound slipped during Monday trade, as investors reassessed their positions following a bullish run on Bank of England (BoE) news towards the end of last week
Anticipation for this week’s upcoming Bank of England (BoE) policy decision boosted the Pound on Monday