Monday, 10 September 2018

Pound rises on Michel Barnier's Brexit comments



The pound rose more than 1% against the dollar on Monday, after the EU's chief negotiator said a Brexit deal was possible within eight weeks "if we are realistic".

 
Sterling later fell back slightly to $1.3042 by the end of the afternoon.


It is the second time in less than a week, Michel Barnier has made comments interpreted as suggesting the EU may be softening its negotiating stance.


The euro also rose against the dollar by around 0.5%.


The possibility that the UK might crash out of the EU without a negotiated settlement has weighed on sterling in recent weeks.





BBC      News.