Sterling banks gains despite ‘convoluted’ Brexit process

Sterling held most its gains against the euro and the dollar yesterday even as analysts saw the dangers of UK prime minster’s Boris Johnson’s new Brexit deal becoming ensnared in the Commons.

The UK currency benefited from the fading risks that Mr Johnson can now pull the UK out of the EU without a deal anytime soon but was held back by the potential for the Brexit deal failing to get the approval of MPs.