The sterling euro dance continues unabated with news cycles offering glimpses of movement on the currency markets as reactions to differing economic data affects trader sentiment.
As we go to press one pound sterling is worth €1.18.
A change of the person at the top of the UK government will undoubtedly cause some fluctuation when the winner is announced on September 5th.
Hardlines and hard rhetoric on the Northern Ireland Protocol is to be expected no matter who emerges as the new leader, and relations with the EU will probably settle down after the initial phase.
But expect more lines to be drawn, and more volatility in UK /EU relations which will have effects on currency rates - before things settle down.
