Brexit deal could be reached in the coming days - report

Author: Justin Low | Category: News

According to Austrian Der Standard newspaper, citing European Commission sources

There was a bit of a knee jerk reaction in the pound on that headline as cable jumped from 1.3115 to 1.3135. EUR/GBP also fell from 0.8705 to 0.8695 on the back of that. But I won't read too much into this headline. We've all heard this kind of narrative over the past few weeks.

Until Theresa May comes up with a workable proposal to the backstop to satisfy parliament, the DUP, and European officials, don't keep your hopes up.

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