Pound steadies after huge one-day decline

The pound has steadied after enduring its biggest one-day decline for more than two years amid Thursday’s Brexit deal chaos. Stocks on the London market also regained their poise, but investors were braced for more turbulence amid speculation Prime Minister Theresa May may face a confidence vote over her leadership. Sterling edged 0.2% higher to just under 1.28 US dollars, having tumbled on Thursday after a raft of key ministerial resignations – including Brexit Secretary Dominic Raab – sparked the steepest sell-off since the October flash crash in 2016.