And sterling continues to tumble

With all the goings on in Washington it may have escaped your notice that the value of sterling continues to fall.

The pound is now at its lowest value against the dollar since 1985 falling 2.84 per cent to $1.398.

Bank shares also continued to fall,RBS down another 11 per cent after 67 per cent yesterday

"There is no doubt that long-term investors see a risk in our UK government debt, more risk than the likes of BP and Unilever," Max King, a market strategist at Investec via BBC News.