GBP/USD hits 1.35 as Brexit deal nears

1 minute read

Sterling has soared against the US dollar, trading above the 1.35 marker, seen earlier this month but before then a level not seen since May 2018. Reports continue to grow louder over the UK and EU agreeing on a post-Brexit trade deal in the next few days.

Speculation is building that the parliamentary session will be extended into next week in order to ratify a potential trade deal. This is welcome news to investors, who are keen to avoid the uncertainty of a no-deal Brexit, and see any deal as making the pound more attractive than no deal.

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GBP/USD hits 1.35 as Brexit deal nears