Sterling rose on investor hopes that MPs will put some sort of brake on the potential slide toward a no deal Brexit in just over two months.

Sterling dropped below 90p yesterday and fears of Irish businesses on both sides of the Border soared as UK prime minster Theresa May faced an impasse with her Brexit agreement.

The pound plunged and Irish and British shares exposed to the UK slid as chaos swirled around the British government’s Brexit plans.

Sterling had one of its most volatile sessions as the currency initially slumped on fears over UK Prime Minister Theresa May’s leadership but later rebounded on renewed hopes for a Brexit breakthrough.

Sterling jumped on Wednesday afternoon following reports that Britain and Germany are preparing to drop key Brexit demands, paving the way to a deal in the coming months.

Sterling came under renewed pressure on Tuesday as fears of a no-deal Brexit again weighed heavily on the British currency.

Having sunk to 13-month lows, sterling could fall by up to another 10% in the coming months should Britain crash out of the EU without a deal on future trade ties, luring more speculators to bet against the currency.

Exports of goods across the Irish Sea have increased again despite the dampening effects of the slump in sterling since the Brexit vote which ought to have weighed on sales into the UK for firms based in the Republic.

London house prices are falling at the fastest pace since the depths of the recession a decade ago. The biggest declines are in the city’s most expensive areas.

US stocks resumed their downward trajectory after last week’s selloff, while European and Asian equities also slumped.

The pound was trading at six-month highs against the euro as investors celebrated news of a Brexit breakthrough in Brussels.

Shoppers and retailers in the UK are preparing to bid farewell to the old "round pound" as the coin ceases to become legal tender at midnight.

The pound lost ground against a stronger euro as investor jitters around Catalan independence momentarily eased.

Sterling strengthened against both the euro and the dollar after UK retail sales rose more than forecast in August, boosting investor expectations that the Bank of England will raise borrowing costs in the coming months.

The euro was trading over 89p against sterling as expectations widened that the Bank of England won’t raise UK interest rates anytime soon.

British inflation unexpectedly jumped to its highest level in nearly four years in May, tightening the squeeze on UK consumers, who face the added worry of political uncertainty after last week’s inconclusive election.

Sterling will take a beating if markets have got their bets wrong on the outcome of the UK election, economists have predicted.

Sterling hit its highest level against the dollar in almost two weeks, before easing slightly, buoyed by investor expectations that the Conservative Party would be victorious in tomorrow’s general election and would probably win a majority of parliamentary seats.

Sterling looks set for a volatile run into British elections next week but an argument can be made for markets reacting positively to a defeat for UK prime minister Theresa May’s Conservatives, according to analysts from US banking giant JPMorgan.

British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year’s Brexit vote put more pressure on consumers, official data shows.

Chocolatiers are hitting the sweet spot this Easter, with new figures showing the Brexit-battered pound is helping boost overseas demand for British chocolate and fuelling a surge in exports.

One of the most tangible consequences of the UK’s June vote to quit the EU was the immediate collapse in the value of the pound.

A Bank of England policymaker has said he would not be surprised if the pound fell further, but that the Bank of England could overlook the effect of weak sterling on inflation, possibly for years.

The pound has plummeted to a fresh 31-year low amid persistent concerns about Britain's exit from the European Union, unsettling stock markets in early Asian trading.

The pound declined yesterday, reversing earlier gains versus the dollar, after better-than-expected US retail sales and manufacturing data added to signs that the world’s largest economy is gaining traction.

Sterling climbed the most since three days before Britain’s EU referendum as home secretary Theresa May prepared to take over as the UK’s next prime minister, removing one layer of political uncertainty.

Sterling continued its post-Brexit freefall by plummeting to a fresh 31-year low against the dollar as Asian markets opened on Wednesday.

Pound traders are getting a reality check as the latest survey signals the outcome of the UK’s referendum on whether to quit the EU is still too close to call.

Get the rose-tinted glasses out.

The pound remains under pressure after dropping below 1.40 US dollars for the first time in nearly seven years amid uncertainty over the UK's membership of the European Union.

Sterling headed for its biggest weekly decline in more than a month against the dollar late yesterday as UK prime minister David Cameron stepped up efforts to reach a deal with fellow European leaders over the terms of UK membership of the bloc.

Associated British Foods, the company behind budget retailer Primark, has said a stronger pound and dollar would have a bigger-than-expected hit on full-year earnings and could weigh on profits in its new financial year.