Sterling initially fell 0.7% to $1.243 and is now down from $1.42 a year ago (Dominic Lipinski/PA)
(Picture: PA Wire)The pound wobbled today in the wake of Boris Johnson’s slender victory in the Tory leadership confidence vote amid City concerns about prospects for the UK economy.
With a recession possible and inflation heading towards 10%, the Prime Minister’s relationship with the Square Mile and the wider business community is tense.
