Pound Off Lows But Still Under Pressure as Brexit Showdown Looms

Photographer: Miles Willis/Bloomberg wouldn’t delay the country’s exit from the European Union, and left the The pound may not have much room to recover for now, according to Valentin Marinov, head of G-10 currency strategy at Credit Agricole CIB, who says Johnson is laying the groundwork for a confrontation with the House on Tuesday. “Risks of an early vote are still on the table,” Marinov wrote in an email, noting that the prime minister’s speech hadn’t sustained the pound’s rally. Sterling remains 0.78% lower on the day versus the dollar, and around 90.92 pence versus the euro. The currency may drop as low as $1.10 if a mandate is secured for a no-deal departure from the EU, according to Lee …