Market update 11/10/19

Market update 11/10/19

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Sterling still soaring – pound has its best two days since referendum

Revived Brexit deal hopes pushed the pound to its best two days percentage-wise since before the referendum. Sterling climbed to $1.25 today following a 1.9% boost yesterday. 

The EU have given the go-ahead for further Brexit talks, with the summit next week seen as the last chance to agree a deal. 

Earlier Brexit Secretary Steve Barclay’s meeting with EU chief negotiator Michel Barnier was described by both as constructive.

Yesterday’s discussions between UK PM Boris Johnson and Irish PM Leo Varadkar was also seen as positive, with “detailed and constructive” talks according to their press statement. European Council President Donald Tusk also stated that he has received “promising signals” from Varadkar on Brexit. 

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