Pound Climbs on Reports About Brexit Transition Deal

The Great Britain pound jumped today against its most-traded peers on news that the United Kingdom and the European Union have reached a transition deal that would keep trade between the UK and the EU.

Analysts were bullish on the sterling at the start of the current trading session, hoping that Britain and the EU will reach an agreement that would allow trading between the two to remain unhindered after the Brexit for at least couple of years before more permanent solution could be achieved. It looks like such hopes were not unfounded as reports were coming out that the deal has been reached.

Meanwhile, Rightmove reported that the House Price Index climbed 1.5% in March following the 0.8% gain in the previous month.

GBP/USD jumped from 1.3942 to 1.4075 as of 12:14 GMT today. EUR/GBP tumbled from 0.8814 to 0.8754.

If you have any questions, comments or opinions regarding the Great Britain Pound,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

+ fifty five = fifty eight