The British pound rose 0.7% against the US dollar on the news.
The pound is soaring after the British and Irish Prime Ministers signaled a Brexit deal could be on the horizon. The two leaders said they saw a"pathway" to a deal after private talks in a hotel in North-West England, the Financial Times reported. The pound jumped 0.7% on the news. Earlier this week the pound sank after reports that Germany saw a future deal with the UK as"impossible." Visit Markets Insider's homepage for more stories.
The pound is soaring after the British and Irish Prime Ministers signaled a Brexit deal could be on the horizon. The two leaders said they saw a"pathway" to a deal after private talks in a hotel in North-West England, the Financial Times reported. The pound jumped 0.7% on the news. Earlier this week the pound sank after reports that Germany saw a future deal with the UK as"impossible." Visit Markets Insider's homepage for more stories.
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UK parliament to hold special Saturday session on BrexitTalks between Britain and the EU teetered on the brink of collapse on Tuesday with tit-for-tat claims of intransigence ahead of the October deadline for Brexit. Bank of England warned despite preparations, no-deal Brexit will hit UK households hard.
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What happens next with Brexit could make or break the UK economyCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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U.K. says chances of Brexit deal slim; EU condemns 'blame game'Britain says a Brexit deal with the European Union might be impossible, with just over three weeks until its scheduled departure from the bloc.
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