Sterling stumbled yesterday as UK transport minister Jo Johnson resigned, saying he wants a new Brexit referendum, and the DUP clashed with prime minister Theresa May over potential plans for the Border.

Sterling continued to climb for a second day, on the view that an unlikely Brexit deal will be struck, if not this month then sometime before the end of the year.

Sterling jumped, and currency-dependent British stocks fell yesterday, after the EU’s chief negotiator Michel Barnier signalled an accommodative stance towards the UK on ongoing Brexit negotiations.