Sterling jumped against the dollar today following a report that Michel Barnier thinks a Brexit deal with the UK is “realistic” and could be forged by early November.
The pound jumped as much as 0.73 per cent — a five-week high– to $1.3035 following this development.
Speaking at a conference in Slovenia, the EU’s chief Brexit negotiator said that both sides needed to reach an agreement by the start of November for this to happen, Bloomberg reported.
Barnier also said how some issues were still outstanding: “We have to solve the issue of Ireland and some others in the next six to eight weeks.”
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