Sterling has been once again under pressure across the board following comments from Michael Gove writing in the Times that:
‘Planning for a no deal is now the government’s no. 1 priority’ – working on the assumption that the EU will not re-negotiate.
GBP/USD fell through a 2-year low Friday of 1.2375 and opens lower still this morning at 1.2340.
GBP/USD is also down around 1.11.
A fairly busy week data wise with Japan, US and UK all voting on interest rate decisions and Switzerland enjoying a bank holiday on Thursday.
Have a great week.