Economic news

Pound touches one-month peak against euro

The pound soared to a one-month peak versus the euro on Monday after a member of the European Parliament’s Brexit group said there was a “very good chance” of a deal between UK and the European Union.

Versus the euro, sterling rose 0.8 percent on the day to a 87.68 pence, up from 88.17 pence.

Against the dollar the pound increased to $1.3525 after the comments.

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