Pound live: Sterling plunges to 10-year low against euro on no-deal Brexit fears

The pound rose on Monday after plunging to a 10-year low against euro overnight on the back of increasing fears that the country will leave the EU without a deal.

Shock news on Friday that the UK economy shrank 0.2 per cent helped to drag sterling to its lowest level since the financial crisis but sterling gained 0.5 per cent on Monday morning from €1.073 to €1.079.

The pound was up 0.3 per cent against the dollar to $1.1.207.