Pound live: Sterling plunges to 10-year low against euro on no-deal Brexit fears
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Your support makes all the difference.The pound rose on Monday after plunging to a 10-year low against euro overnight on the back of increasing fears that the country will leave the EU without a deal.
Shock news on Friday that the UK economy shrank 0.2 per cent helped to drag sterling to its lowest level since the financial crisis but sterling gained 0.5 per cent on Monday morning from €1.073 to €1.079.
The pound was up 0.3 per cent against the dollar to $1.1.207.
The pound remains perilously close to its decade-low point and ne weconomic dat due on Tuesday may do little to help it says Connor Campbell, financial analyst at Spreadex.
"Desperately searching for a bit of good news, the pound will be praying for a strong wage growth figure on Tuesday, even if any positive headlines not related to Brexit are merely a plaster where emergency surgery is needed."
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