Olivia Álvarez (Monex Europe) | Driven by concerns about a no-deal Brexit, in less than a week, the pound sterling has fallen more than 2.7% against the euro, reaching its lowest levels in the last two years.
No deal Brexit
Shaun Riordan | Boris Johnson will fulfill his life-long ambition of becoming Prime Minister this afternoon. The pro-Europeans within his own Conservative Party have postponed their rebellion until after the summer. Mrs May will therefore be able to recommend Johnson to the Queen as the political leader best placed to secure a majority in the House of Commons, and therefore best able to form a new Government. But that majority is wafer thin. Even with the support of the N Ireland Unionists, his overall majority is only three. That is likely to be reduced to two following an upcoming by-election. Up to twenty Conservative MPs have indicated they could be ready to bring down the Government to avoid a no deal Brexit.