Brexit Optimism Helps Sterling Gain – 7 November, 2018

Hopes that a Brexit agreement will be in place by the end of November helped sterling climb for a third consecutive day. The currency rallied a total of 3 percent over the last week despite unresolved issues including Irish border regulations just five months before Britain is scheduled to leave the European Union. Against the dollar, the pound rose 0.4 percent and hit a two week high of $1.3176, and traded flat against the euro at 87.27 pence.