European elections in UK this week may likely decide sterling’s destiny

Labour MP Hilary Benn, the chairman of the UK parliament’s Brexit committee, told BBC radio last week that “there are only two ways out of the Brexit crisis that we’ve got: Either parliament agrees a deal or we go back to the British people and ask them to make the choice”.

Even if Theresa May were replaced by a eurosceptic as Conservative Party leader, a new Brexiteer prime minister will still face a parliament that is strongly opposed to a no-deal hard Brexit.