joining us is emma—lou montgomery, associate director for personal investing at fidelity internationalurrencies, the pound where it stands against the euro. it has been a terrible month for the pound and it does not look like it will get better soon. the threat of no deal at the brexit stage is seen as something negative for the pound. you might say after seeing the european elections as a pro brexit vote, that is factored in. but as long as there is a no—deal brexit there, it is bad for the pound. and we have got an election of a new leader up to the 31st deadline. sterling will be heading lower for the time being. not bad for people travelling abroad for summer holidays. it is bad timing. let's have a look at the country's largest rail operators breaking up. this year losses have been trimmed back substantially, but they have had to agree to split up the business. they are looking at selling off those iconic stagecoach long—distance busesin iconic stagecoach long—distance buses in the us. they are talking about selling off the uk bus business which is what it started out as an what i