The pound is taking a further hit on this

What already appears to be an uphill task looks to be made even tougher for Theresa May. Of course, this is just the word of one representative of the party but it still doesn't bode well for overall sentiment with the meaningful vote set to take place in less than a week's time.

Cable now slips to a low of 1.3113 on the day with EUR/GBP rising to a high of 0.8637.