The Sterling is the worst performing major currency this May as Theresa May’s exit is being viewed as a key risk to the currency.

Traders fear the October 31 ‘Brexit at all costs’ and we trying to keep their funds out of the vulnerable currency Pound.

Brexit-related developments continued to stay under the spotlight on Monday. Therefore, placing bearish pressure on the British Pound.

With that, we have additional remarks from the UK Cabinet Minister Leadsom and investors may start pricing them in a bit.

• We must be able to negotiate free trade deals after Brexit – must to able to leave with no deal – continue to support May’s Brexit deal.
• I am actively considering running for PM – will make an announcement when May steps down

That the UK cross-party conversations – intended at breaking the Brexit delay, broke down without a trade agreement is placing more and more pressure on the Sterling pairs.