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Sterling soars on Brexit breakthrough

The pound was up in early morning trading on news the UK has reached an agreement with the EU on the Brexit bill, paving the way for trade talks to proceed next month.

The Brexit ‘divorce bill’ will reportedly amount to between €45bn and €55bn, the Telegraph reports.

Sterling soared to a two-month high, up 0.6 per cent at $1.34, a 1 per cent increase since news of the agreement broke. Against the euro, sterling is 0.4 per cent stronger, at €1.23.

However the gains have weighed on the FTSE 100, which is down 0.5 per cent at 7,423.1.

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Think you meant 1.13 Euro/GBP

  2. Soars??!! Goodness this outrageous journalistic exaggeration!

    At 15.11 hrs €1.13 =£1 that is a rise from €1.11 or 1.8% It is still awful. 30th November 2015 it stood at €1.4211. That’s a measure of how lousy Sterling is at present. Stop the nonsense hyperbole please. Or do you work for the Government?

  3. So, it’s hyperbole if something positive is published about Brexit but “I told you so” if it is negative! Personally we should ban all articles that do not provide proper balance and headlines in particular!!

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