Market report: Sterling goes on a rollercoaster ride

Fears the year could end without a Brexit trade deal set sterling on a rollercoaster ride yesterday. First the pound was down about 0.6pc against the dollar after the EU indicated it would start legal proceedings against the UK over Boris Johnson’s plan to breach terms of its Brexit divorce deal and break international law. Then sterling clawed back its losses, rising to be up 0.4pc against the dollar at $1.2978, after a Financial Times reporter tweeted that officials in London saw the cha