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Brexit deal hopes boost sterling as investors predict 2021 share surge
Sterling hits highest level since May 2018 as investors say calmer politics and vaccines will boost stock markets next year
16 December 2020 • 7:11pm
Rising hopes of a Brexit deal boosted sterling to its highest level in two-and-a-half years on Wednesday as investment giants predicted global market euphoria will spill over into 2021.
Investors piled into the pound on currency markets after hopes of a breakthrough were stoked by European Commission president Ursula von der Leyen revealing there is a “path to an agreement now”. 
Sterling extended its rally to rise as high as $1.3552 against the weak dollar - the highest level since May 2018 - before later giving up some gains to dip back under $1.35. Stock markets were also boosted by growing optimism over Brexit, a US stimulus deal and the vaccine rollout. ....

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