Sterling Close To One Week Lows Against Euro – 10 January, 2019

Prime Minister Theresa May lost two parliamentary votes, which cause the pound to dip to the euro with rising Brexit uncertainty.Having slipped to 90.16 pence, sterling managed to gain back some losses to settle at  90.59pence, trading down to $1.2776 against the dollar after falling as low as $1.2729. With lower than expected Christmas sales and signs of economic slowdown and a possible implementation of Labour Party policies, the British currency is likely to experience some extra weight.