Pound comes under pressure amid concerns over May's future
by Phillip Inman from on (#37TYH)
Investors spooked by rumours of revolt by Tory backbenchers and warning from IMF about UK crashing out of EU with no deal
The pound has come under pressure on international currency markets after investors were spooked by weekend rumours of a backbench revolt that could topple Theresa May's government and add to the uncertainty surrounding Brexit talks.
Sterling shed a cent against the US dollar, to below $1.31, and a similar amount against the euro to a1.122 on Monday as concerns about the stability of the government preyed on investors' confidence in the outlook for the UK.
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