Breaking: GBP/USD soars above 1.35 on hopes for imminent Brexit deal

12/23/2020 2:17:53 PM GMT
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By Yohay Elam
EU member states have started to prepare procedures for a new trade deal from January 1, if one is agreed. It seems that a Brexit deal is imminent amid multiple reports from British journalists. 
The Sun's Harry Cole says that a "Brexit deal is in sight" He adds that a row over batteries is holding up the final accord. 
GBP/USD has jumped above 1.35, zooming in on the Sunday gap. Cable closed the week at 1.3521 on Friday and it is hitting that mark.
Here is the move on pound/dollar: 
Update: The Financial Time's Sam Flemming also reports that recent progress in talks raises hopes of an imminent deal. 

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