Sterling took another knock on Tuesday, as the Grim Reaper of a no deal Brexit – wearing a Union Flag cloak and a Nigel Farage mask – lurked over its shoulder.
With talks at a deadlock, Boris Johnson is off to Brussels for a face-to-face meeting with European Commission president Ursula von der Leyen – though not until Wednesday or Thursday.
That means the pound might have to spend today’s trading uncomfortably waiting for any sign or signal that the worst case scenario can be avoided.
Following Monday’s sharp losses, the currency was gentler in its decline on Tuesday, falling 0.3% against the dollar and 0.4% against the euro.
This did help keep the FTSE’s own dip to a minimum, the index slipping 0.1% as it bobbed around the 6,550 mark.
Elsewhere the markets were mixed-to-barely awake, with the DAX barely changed and the CAC down a handful of points.
Turning to this afternoon and the Dow Jones is in danger of dropping back below 30,000, with a 85 point fall on the cards according to its futures.
"Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.
In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."