Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

The pound has continued to fall on currency markets amid intensified political uncertainty over Brexit, the BBC reports today, although a couple of cents against the dollar is hardly a catastrophe. Rumours of a possible snap general election dragged sterling further down, as MPs pushed for a further three-month Brexit extension. Against the dollar, the British pound fell more than a cent to $1.2050, while against the euro, it fell below the €1.10 mark. Prime Minister Boris Johnson, who last week said he will suspend parliament, has repeatedly insisted that the UK is ready to leave the EU without a deal, despite his own MP’s threatening to revolt against the government. Over the weekend, government whips were summoned to the Prime Minister’s Chequers residence where they were given orders to warn Tory MPs that they face deselection at the next election (which could be in a matter of weeks) if they rebel against the party line. Brexit, currently scheduled to happen on 31 October, is causing uncertainty business