This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.bbc.co.uk/news/business-46177875

The article has changed 8 times. There is an RSS feed of changes available.

Version 0 Version 1
Pound falls as Brexit uncertainty rises Pound falls as Brexit uncertainty rises
(35 minutes later)
The pound has fallen against the dollar amid political uncertainty as Prime Minister Theresa May struggles to broker an agreement on Brexit with her cabinet.The pound has fallen against the dollar amid political uncertainty as Prime Minister Theresa May struggles to broker an agreement on Brexit with her cabinet.
In early trading, sterling fell nearly 1% against the dollar to $1.2845.In early trading, sterling fell nearly 1% against the dollar to $1.2845.
Against the euro, it was down 0.2% at €1.1422.Against the euro, it was down 0.2% at €1.1422.
Mrs May is trying to arrange an agreement in cabinet on the current Brexit talks in time for a hoped-for summit in Brussels later this month.Mrs May is trying to arrange an agreement in cabinet on the current Brexit talks in time for a hoped-for summit in Brussels later this month.
However, media reports suggest that her efforts have been delayed by increasing disarray in her cabinet over the issue.However, media reports suggest that her efforts have been delayed by increasing disarray in her cabinet over the issue.
On Friday, Transport Minister Jo Johnson became the latest government figure to quit his post over Brexit, arguing that UK was "on the brink of the greatest crisis" since World War Two.On Friday, Transport Minister Jo Johnson became the latest government figure to quit his post over Brexit, arguing that UK was "on the brink of the greatest crisis" since World War Two.
"Sterling's early November rebound continued to unravel on Monday, the currency coming down with a nasty case of the Brexit blues," said Connor Campbell, financial analyst at Spreadex.
"With her most ardent anti-EU MPs opposed to her customs arrangement plans, and a potential Remain rebellion brewing following the resignation of Jo Johnson, Theresa May appears to have been forced to abandon the emergency cabinet meeting that was pencilled in, after a supposed breakthrough last week."
He added that the pound's slump was exacerbated by support for the dollar, which came from comments in the November statement from the US central bank, the Federal Reserve.