Pound jumps on Brexit optimism
December 23, 2020SharePrint
The British pound is up sharply on Wednesday. Currently, GBP/USD is trading at 1.3524, up 1.21% on the day.
Is a Brexit deal imminent?
The volatility continues for the British pound. After three straight days of losses, GBP/USD has reversed course in an impressive manner, posting gains of over one percent. The pound started its upward move in the European session, after reports that a Brexit deal could be sealed as early as Thursday. EU sources said that UK Prime Minister Johnson and European Commission President von der Leyen were putting the final touches on an agreement, which comes after months of difficult and often acrimonious negotiations between London and Brussels. The sides have apparently come to an agreement on all issues except fishing access for EU fleets in British waters, and a compromise is expected on this final obstacle to a Brexit agreement.
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