Pound Jumps as UK-EU Brexit
FxPremiere.com – Forex Signals | The pound surged on Wednesday on reports the UK and EU have clinched a Brexit deal after a nine months of negotiations.
GBP/USD rose 0.94% to $1.3485. Pound Higher on Brexit Deal
The UK and EU have reached an agreement on a post-Brexit trade deal and are in the process of finalizing the legal text of the accord to present to EU members.
There is mounting pressure to wrap up the deal by Thursday to allow enough time to get it ratified before the end of the transition deadline on Dec. 31.
Forex Signals – Dollar Gains as Yields Rise
But full ratification by Jan. 1 is unlikely amid a lack of time for EU members to scrutinize the deal. The accord, would, however, be applied on a provisional basis, with EU members voting later in the month, according to media reports.
Britain says Brexit trade deal
GBP/EUR Exchange Rate Surges Past
Market participants piled into sterling amid numerous reports that the announcement of a deal was imminent.
“While headlines have oscillated back and forth between a deal has been struck and advising caution, it seems that at the point of publishing the headlines and guidance from officials lean toward a decent chance of striking a formal agreement today,” Scotia Economics said.
The Surge in EUR/USD is Over Now
Pound Jumps as UK-EU Brexit
Forex Signals Telegram Signals
Pound Jumps as UK-EU Brexit
Pound Jumps as UK-EU Brexit
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals