'Last Brexit gamble' of Theresa May puts sterling on volatile path

The "last gamble" of Theresa May to get a Brexit deal through the Commons sent sterling briefly soaring fears that this fourth attempt too will fail, weighed on the currency again.

After a volatile session, the pound ended little changed on the day, at 87.64 pence. Her offer of a second referendum to secure UK parliamentary support for her withdrawal bill was the “last throw of the dice for Theresa May”, said Lee Evans, who is head of foreign exchange trading and strategy at Bank of Ireland.