Pound steadies after biggest fall since 2016
Despite the Prime Minister announcing on Wednesday that she had secured cabinet backing for the draft Brexit agreement with Brussels, the resignations of Brexit Secretary Dominic Raab and Work and Pensions Secretary Esther McVey on Thursday rattled markets.
On Thursday, the pound registered its highest volatility since the referendum in June 2016 as it fell 1.7% against the dollar and dropped 1.9% against the euro.
In the absence of any further resignations, the pound stabilised on Friday morning. But the stability may not last, analysts said.
