GBP USD Exchange Rate Outlook Improves On Signs Of Brexit Deal Progress
GBP/USD Exchange Rate Jumps Near 1% as Markets Suspect Brexit Deal is Close
Optimism over the prospect of a UK-EU trade agreement helped to drive the Pound to US Dollar (GBP/USD) exchange rate higher.
Comments from Ireland’s Foreign Secretary Simon Coveney encouraged market hopes as he noted that there are signs of progress in talks since Sunday.
With investors increasing their bets on the possibility of the two sides still reaching an agreement before the end of the Brexit transition period the appeal of the Pound naturally improved.