"The prospect of an agreement between the UK and EU over a trade deal, and the additional conditions that accompany it remains in the balance. A spokesman for Prime Minister Boris Johnson confirmed yesterday that the UK’s position over the Internal Market Bill remains unchanged.

This could be a supplementary stumbling block even if agreement over the other outstanding issues is reached. When it was passed by Parliament recently the Bill was labelled by Brussels as being in contravention of the agreement that is already in place.

Since the Bill was put in place to provide clarity in what happens over the passage of goods between the Mainland and Northern Ireland in the event of no trade deal being agreed, it will become moot, only if an agreement is reached.

Monday's combination of a weakening dollar and almost a sense of euphoria over Brexit led the pound into waters that have not been visited for some considerable time. The last time the pound closed above 1.34 versus the dollar was almost a year ago and was in response to the result of the General Election.

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