Sterling fell modestly as trading resumed on Monday following British Prime Minister Boris Johnson’s latest failure to break the
Brexit deadlock, with forex markets shrugging off a weekend of drama in the British
Parliament. The currency was down 0.55 per cent to US$1.2913 at around 0000GMT, holding relatively steady for a currency that has been on a rollercoaster over the past month.
“The fact Sterling has proven surprisingly resilient... Buttresses well for risk sentiment,” wrote Stephen Innes, Asia Pacific market strategist at AxiTrader, in a commentary.