THE pound has plummeted against the dollar and euro as Boris Johnson prepares for a No Deal Brexit in 48 hours.
Talks currently remain stuck, with the PM set to hold another emergency call with EU boss Ursula Von Der Leyen this evening about how to proceed.
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Both sides are stuck over crucial issues of fish, sticking to EU rules after we leave, and who decides how to resolve key disputes.
The deal is set to come into play in just over three weeks on December 31.
The news has affected the pound, which has slumped 1.24% against the euro and is also down 1.32% against the dollar today.
At the time of writing, £1 would currently give you €1.01 or $1.33.
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Neil Wilson, chief market analyst for Markets.com, said: Sterling-risks to Brexit no-deal endgames were exposed this morning as the chatter was less optimistic than many of us thought it would be.”
It comes as the pound plummeted in September after the Bank of England hinted that it could implement negative interest rates.
At the time, the Bank said that it planned to “explore how a negative Bank Rate could be implemented effectively” but only if inflation and GDP didn’t continue to improve.
Banks and building societies use the base rate to set its own interest rates on savings and loans.
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