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Sterling pound rose against major to its highest in two years

2019-10-11 12:28 pm | Resource: News | No Views : 50

 Sterling pound rose against major  to its highest in two years

The British pound consolidated gains early on Friday after its biggest one-day jump in two years as it gained 1% against the dollar during the week. In response to signs of a possible agreement on the Irish border problem that plagued the Brexit negotiations.

The UK has reportedly acknowledged that the Northern Ireland boycott will remain in the EU customs zone as soon as Britain leaves the EU - a move that satisfies EU concerns about the integrity of its borders.

EU highlights "tunnel negotiations" with UK

The European Union's chief negotiator, Michel Barnier, has received approval from member states to step up exit negotiations with the United Kingdom, diplomats in Brussels quoted the media as saying on Friday. "Tunnel negotiations" are scheduled to take place before next week's EU summit. Irish Prime Minister Leo Faradkar also said earlier in the day that he believed talks with London could now move into the "tunnel" phase of more intense discussions on the details of the expected deal.

Meanwhile, the EU's chief negotiator in the European Union, Michel Barnier, described his meeting with UK Secretary of State Stephen Barclay on Friday as "constructive." Barkley's statement echoed the sentiment. Barnier also said that the two sides should be cautious and determined in the negotiations to exit Britain from the European Union, compared to the exit of the United Kingdom from the European Union to "mountaineering." The officials gave no further details of their meeting.

Pound Trading
  • GBP / USD traded at $ 1.2460, up 0.2% from Thursday's close.
  • The GBP / EUR gained 0.1% at 1.1315, on its way to a weekly gain of 0.7%.
  • The pound rose to a weekly low of 136.75 against the yen. At 22:14 CET.
  • Sterling fell to 1.2567 against the franc. At 23:14 CET.


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We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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