Sterling Weakens Despite Brexit Optimism – 8 October, 2018

European Union negotiators and the European Commission President Jean-Claude Juncker said an agreement with Britain will be reached by November, if not sooner. The pound reached $1.31, but still fell with investors remaining cautious.  The pound fell to as low as $1.3029 before recovering to settle at $1.3060. Against the euro, the pound dipped 0.1 percent to 87.955.