Sterling Rises Against Euro In Optimistic Outlook – 4 October, 2018

The pound hit a 2 1/2 month high against the euro as investors speculate that Britain and the EU are getting closer to closing a deal on Brexit  ironing out details to help border checks in Ireland run smoothly. The pound rose $1.30 against the dollar and 0.4 percent against the euro at 88.40 pence, its strongest since mid July. Sterling fell to a one month low of $1.2922 overnight before rallying 0.8 percent to as much as $1.3041.