On July 29, the pound sterling slid to a 28-month low as investors reacted to Prime Minister Boris Johnson's new government and no-deal Brexit rhetoric. The currency dropped against the euro, falling to €1.0881 at one point. Concurrently, the British pound hit a fresh two-year low of $1.212 against the dollar. With the fall of Britain’s currency, Prime Minster Johnson appears to be more willing to negotiate with the European Union. The UK's Federation of Small Businesses (FSB) has stressed that lack of preparedness among its members is a hard reality, as the British Chambers of Commerce (BCC) appealed to the government to provide more information on the agreement progress with the EU.
