The risk of Britain crashing out of the EU without a trade agreement has this week dragged sterling to its lowest in almost a year, and the prospect of a no deal Brexit has also infected the UK government bond market in recent months.

Brexit is set to deliver a much-heralded jobs boom with over 80,000 new roles to be created - in Frankfurt.

The euro dropped yesterday to a three-week low of $1.1662 after minutes from the ECB’s July policy meeting showed policymakers were worried about a possible overshoot in the euro.

The pound climbed from a one-week low as a report showed the UK unemployment rate fell below 5% for the first time since 2005.