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NewsBreak: Pound Continues Climb on Brexit Hopes

Published 10/10/2019, 19:55
Updated 10/10/2019, 20:12
© Reuters.
GBP/USD
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Investing.com – The pound continued to climb on Thursday, on signs of meaningful progress on Brexit after Irish Prime Minister Leo Varadkar confirmed that a deal could likely be reached by Oct. 31, when the U.K. is expected to leave the European Union.

  • Following last-ditch talks with U.K Prime Minister Boris Johnson, Varadkar reportedly said he was “absolutely convinced" the UK wants a Brexit deal, which is "possible" by 31 October.

  • The more sombre outlook marked a shift in sentiment from lawmakers in Brussels, some of whom recently had questioned whether U.K. Prime Minister Boris Johnson really wanted to make a deal.

  • GBP/USD surged by the most in 11 months to $1.243, up nearly 2% on the day.

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