The Pound continued a downward trend last night, slipping to $1.21 in US trading. Worries about hard Brexit led to the four-day rout of the pound on global markets as traders worried about the general management of the UK economy in the approach to Brexit negotiations. However, some good news emerged this morning as the pound rallied on news British MP’s will be allowed some debate on the Brexit process. The pound will continue to remain volatile in the short to medium term as it tries to find natural level.

For weekly news updates, subscribe to our email newsletter.

Related news: Brexit News Round-Up