Possibility of Brexit Deal Helps Sterling Gain – 11 September, 2019

The pound was just under a six week high against the dollar while investors weighed the possibility of Prime Minister Boris Johnson securing a Brexit deal before the scheduled divorce on October 31. Sterling moved further away from the three year low of $1.20 it hit last week, climbing to as high as $1.2385 before settling at $1,2347. Against the euro, sterling was 0.3% higher to 0.8907. Stronger than expected economic data also helped support the pound,