The pound sterling fell 0.65% against the US dollar on Wednesday to just over $ 1.26 before recovering slightly. The currency has lost about 2.8% this month and, according to analysts, is at a record 13-week low against the euro.
The case comes when Britain once again has the prospect of a chaotic exit from Europe Union.
The plan, however, met with resistance from across the political spectrum and seems to be dead on arrival.
Ultimately, they did not change the rules that protected them from a leadership challenge, a Conservative MP familiar with the meeting told CNN. But Graham Brady, the group's chairman, named the 1
The Confusion encourages investors to shed pounds without any signs of recovery soon.
Britain will leave the European Union on 31 October after Brexit was twice delayed. EU officials have already announced that they will not renegotiate the agreement they agreed with at the beginning of this year.
Deutsche Bank analyst Oliver Harvey said the bank expects May to be replaced by a pro-hard party chairman of the Brexit Conservative Party this summer. This in turn increases the risk of a no-deal Brexit until the end of October.
Jameel Ahmad, global head of currency strategy at FXTM, said in a statement Wednesday that he expects the pound to fall to 1.25 USD ] as May's vulnerability dominates the headlines.
– Luke McGee of CNN contributed to this report