The pound's recent woes have been attributed in many quarters to the threat of Brexit

While some may argue that's not the case I remain of the view that the risk of UK leaving the EU has indeed played out into GBP weakness.

Whether you feel it's a foregone conclusion that voters will play safe and stay when push finally comes to shove the contest is closer than many think.

Either way the EU starts its 2 day summit today and UK PM Cameron will be desperate to win a few concessions. He does at least have Merkel on his side but I'm not sure what sway she still holds across the negotiating table, being cautious of domestic disdain for her own immigration policies.

This one will run and run but if Cameron gets a sniff of something worth bringing home then look out for a June referendum. Whether you agree it's important or not it's going to be front page news so get used to it.

The BBC has a great overview here on whether the UK is better in or out of Europe.

Cameron trying to keep the faith