Sterling hovered near 31-year lows on Monday after Theresa May announced the Government will trigger Article 50 by March next year.
An emergency budget to deal with the fallout from the referendum vote to leave the EU looks unlikely to take place until the autumn, as Chancellor George Osborne said it was better to delay action to shore up the public finances until a new prime minister is in place.
Lloyds Banking Group and Royal Bank of Scotland could remain part-owned by the taxpayer for years to come after the stock market chaos caused by Brexit, experts have warned.
The UK and devolved governments must show strong leadership to stabilise the economy following the decision to quit the European Union (EU), business and industry chiefs have said.
The Bank of England will move to slash interest rates to zero within months as Britain grapples with the economic impact of Brexit, City experts have said.