Investors Question May’s Ability To Gain Brexit Votes – 27 November, 2018

Doubts over Prime Minister Theresa May’s ability to steady a Brexit agreement with parliament divided caused the pound to dip against the dollar and the euro. Investors have little faith in May’s ability to win over votes from both her Conservative and opposition parties. The pound fell to $1.2730, over half a percent, against the dollar. It also fell against an already weak euro to 88.87 pence. To add salt to the wound, President Trump’s comments about the negative affects a Brexit deal would have on trade ties between the U.S. and Britain added weight to sterlings losses.