Further comments by UK foreign secretary, Dominic Raab

  • Says that the EU is being stubborn
  • We want a deal with the EU
  • If they continue to be stubborn, then we must prepare for a no-deal Brexit

They're continuing to ramp up the no-deal Brexit rhetoric and it isn't helping the pound find any reprieve whatsoever as the quid now falls to its lowest level since March 2017 against the dollar. It seems like they want to play the blame game (again) here and that isn't good news for the pound in the short-term.