1. Various of traders looking at screens and graphs showing sterling's fall
2. Set up of Michael Baker, financial analyst at ETX Capital, looking at screens
3. Hands on keyboard
4. ETX Capital sign
5. SOUNDBITE (English) Michael Baker, financial analyst at ETX Capital:
"So we've seen a reaction in cable this morning with the pound against the dollar. We've seen a drop of 1 per cent and Brexit sensitive stocks have also been hit as well. So they've gone down 1 per cent as well. Where this leaves us now - the chances of a vote of No Confidence in the government has increased significantly. Now this could be that (UK Prime Minister) Boris Johnson is playing a hand and wants parliament to take this vote because effectively if he wins it he can continue doing what he is doing. But if he loses it there could be a general election. And the chances of a general election being held before 31st October are quite slim so there may now be an increased chance of Article 50 being extended."
6. Traders looking at screens
7. SOUNDBITE (English) Michael Baker, financial analyst at ETX Capital:
"Coming out of the EU without any sort of agreement is a leap into the unknown, it's something that has not happened so they (the markets) would want some sort of formal agreement some sort of trade relation to continue. Now the reaction this morning wasn't that significant, it was more of a knee-jerk reaction so it's kind of looking that things are already priced in and that no deal is a 45 chance that's its going to happen. Now that the EU can see that no deal is on the table and a real threat, it's possible now that they will come up with some sort of agreement to counter this so even though the chances of no deal have increased the chances of them coming together because of this outcome looks likely as well."