British pound gains 1.3% on dollar on post-Brexit deal hopes
The British pound surged Wednesday against the dollar on optimism that London will finally reach a post-Brexit trade deal with the European Union.
Sterling rose to $1.35 around 1551 GMT. The pound also gained against the euro, which stood at 90.16 pence.
European sources told AFP that the EU and Britain could agree the terms of a post-Brexit trade deal within hours.
“We are in the final phase,” one official said. Asked whether this meant a deal later Wednesday, a source close to the talks said: “Very likely, yes.”
British media also reported that a deal was close at hand.
The pound was also supported by a reopening of the port of Dover, which eased conditions for hauliers carrying vital goods.
In this article
Related
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.