Sterling Gains With Release Of Brexit Plans – 12 July, 2018

The British government released a blueprint for the U.K’s divorce from the European Union, calling it a “soft Brexit”. The release of the plan helped the pound gain some momentum, rising 0.3 percent to trade at $1.3244. Against the euro, sterling gained 0.2 percent to 88.27 pence per euro. Expectations for an interest rate hike rose to 60 percent from 50 percent just two weeks ago.