British pound surges on agreed Brexit draft deal

Sterling surged Thursday to five-month peaks after the European Union reached a new draft Brexit withdrawal deal with London.

At 0940 GMT, the pound rallied to stand more than one percent higher at $1.2990. The euro slid to 85.76 pence, as the news flashed across traders’ screens.

More details later.

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British pound surges on agreed Brexit draft deal

Sterling surged Thursday to five-month peaks after the European Union reached a new draft Brexit withdrawal deal with London.

At 0940 GMT, the pound rallied to stand more than one percent higher at $1.2990. The euro slid to 85.76 pence, as the news flashed across traders’ screens.

More details later.

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